UL Solutions Inc. (NYSE:ULS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of UL Solutions Inc. (NYSE:ULS) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $49.00.

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

Insider Buying and Selling

In related news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the transaction, the insider now owns 69,191 shares in the company, valued at approximately $3,638,062.78. This trade represents a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On UL Solutions

Several institutional investors have recently modified their holdings of the stock. FMR LLC raised its holdings in UL Solutions by 6.9% during the 3rd quarter. FMR LLC now owns 3,565,238 shares of the company’s stock valued at $175,766,000 after buying an additional 230,886 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of UL Solutions in the second quarter valued at $96,262,000. American Century Companies Inc. bought a new stake in shares of UL Solutions in the 2nd quarter worth about $68,832,000. Soros Fund Management LLC boosted its stake in shares of UL Solutions by 127.4% during the 3rd quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company’s stock worth $56,058,000 after purchasing an additional 637,077 shares during the period. Finally, AltraVue Capital LLC bought a new position in UL Solutions during the 2nd quarter valued at about $35,050,000.

UL Solutions Price Performance

NYSE:ULS opened at $50.89 on Wednesday. UL Solutions has a one year low of $33.15 and a one year high of $59.23. The business has a fifty day moving average price of $52.22 and a 200-day moving average price of $49.19. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31.

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

UL Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.98%.

UL Solutions Company Profile

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.