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

UL Solutions Inc. (NYSE:ULS) has been given an average rating of “Moderate Buy” by the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $101.54.

A number of equities analysts have recently issued reports on the company. Weiss Ratings upgraded UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Telsey Advisory Group set a $100.00 target price on UL Solutions in a research note on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $115.00 target price on shares of UL Solutions in a research note on Wednesday, May 6th. Robert W. Baird decreased their target price on UL Solutions from $97.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Finally, Wall Street Zen raised UL Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th.

Insider Buying and Selling at UL Solutions

In related news, CAO Karen K. Pepping sold 725 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $97.74, for a total transaction of $70,861.50. Following the completion of the sale, the chief accounting officer owned 8,082 shares of the company’s stock, valued at $789,934.68. This trade represents a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Friedrich Hecker sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $102.04, for a total value of $408,160.00. Following the sale, the director directly owned 13,180 shares of the company’s stock, valued at $1,344,887.20. This represents a 23.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,705 shares of company stock valued at $6,288,800 over the last ninety days. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On UL Solutions

A number of hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in UL Solutions by 18.2% in the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock valued at $61,000 after acquiring an additional 133 shares during the period. Advisor OS LLC grew its stake in UL Solutions by 4.4% in the fourth quarter. Advisor OS LLC now owns 3,477 shares of the company’s stock valued at $274,000 after acquiring an additional 147 shares during the period. Cresset Asset Management LLC grew its stake in UL Solutions by 4.0% in the second quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock valued at $304,000 after acquiring an additional 159 shares during the period. Daiwa Securities Group Inc. grew its stake in UL Solutions by 1.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,155 shares of the company’s stock valued at $1,195,000 after acquiring an additional 194 shares during the period. Finally, Deutsche Bank AG grew its stake in UL Solutions by 6.0% in the fourth quarter. Deutsche Bank AG now owns 3,677 shares of the company’s stock valued at $290,000 after acquiring an additional 207 shares during the period.

UL Solutions Price Performance

Shares of ULS opened at $94.40 on Thursday. UL Solutions has a 1 year low of $61.64 and a 1 year high of $107.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $19.03 billion, a price-to-earnings ratio of 55.20, a price-to-earnings-growth ratio of 3.71 and a beta of 0.63. The business has a 50-day moving average of $95.45 and a 200-day moving average of $84.90.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The company had revenue of $758.00 million during the quarter, compared to the consensus estimate of $748.50 million. During the same period last year, the company earned $0.37 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts anticipate that UL Solutions will post 2.1 earnings per share for the current year.

UL Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were paid a dividend of $0.145 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.58 annualized dividend and a yield of 0.6%. UL Solutions’s dividend payout ratio (DPR) is currently 33.92%.

About UL Solutions

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.