UL Solutions Inc. (NYSE:ULS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of UL Solutions Inc. (NYSE:ULS) have earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $49.00.

Several equities analysts recently commented on ULS shares. The Goldman Sachs Group upped their target price on UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Wells Fargo & Company increased their price target on shares of UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Citigroup initiated coverage on shares of UL Solutions in a report on Monday, October 7th. They issued a “buy” rating and a $60.00 price target on the stock. Robert W. Baird boosted their price objective on shares of UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, UBS Group lifted their target price on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th.

Insider Transactions at UL Solutions

In other news, insider Gitte Schjotz sold 5,941 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the transaction, the insider now directly owns 69,191 shares of the company’s stock, valued at approximately $3,638,062.78. The trade was a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On UL Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new position in UL Solutions in the 3rd quarter valued at about $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of UL Solutions in the second quarter worth about $29,000. Sunbelt Securities Inc. acquired a new stake in UL Solutions during the 2nd quarter valued at approximately $72,000. Daiwa Securities Group Inc. purchased a new stake in UL Solutions during the 2nd quarter worth approximately $84,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of UL Solutions in the 3rd quarter valued at approximately $84,000.

UL Solutions Stock Up 0.0 %

Shares of NYSE ULS opened at $51.94 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The company has a 50-day simple moving average of $51.38 and a 200-day simple moving average of $50.37. UL Solutions has a 12 month low of $33.15 and a 12 month high of $59.23.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.39 by $0.10. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The firm had revenue of $731.00 million during the quarter, compared to analysts’ expectations of $709.41 million. UL Solutions’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that UL Solutions will post 1.53 earnings per share for the current year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, November 29th.

About UL Solutions

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.