UL Solutions (NYSE:ULS) Rating Lowered to Hold at Wall Street Zen

UL Solutions (NYSE:ULS) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company boosted their price objective on UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Zacks Research cut UL Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. UBS Group upgraded UL Solutions from a “neutral” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Tuesday, July 14th. BNP Paribas Exane assumed coverage on UL Solutions in a research note on Monday, April 20th. They issued a “neutral” rating and a $95.00 price target for the company. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of UL Solutions in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, UL Solutions has a consensus rating of “Moderate Buy” and an average target price of $101.54.

UL Solutions Trading Up 0.2%

Shares of NYSE:ULS opened at $85.60 on Friday. The company has a market cap of $17.25 billion, a PE ratio of 50.06, a P/E/G ratio of 3.27 and a beta of 0.63. The company’s 50-day moving average price is $94.57 and its 200 day moving average price is $86.97. UL Solutions has a fifty-two week low of $61.64 and a fifty-two week high of $107.54. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

UL Solutions (NYSE:ULS) last posted its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The firm had revenue of $758.00 million during the quarter, compared to analyst estimates of $748.50 million. During the same period in the previous year, the business posted $0.37 EPS. UL Solutions’s revenue was up 7.5% on a year-over-year basis. Sell-side analysts anticipate that UL Solutions will post 2.13 earnings per share for the current year.

Insider Transactions at UL Solutions

In other news, CAO Karen K. Pepping sold 725 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $97.74, for a total value of $70,861.50. Following the sale, the chief accounting officer owned 8,082 shares of the company’s stock, valued at approximately $789,934.68. The trade was a 8.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Friedrich Hecker sold 4,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $102.04, for a total value of $408,160.00. Following the completion of the sale, the director owned 13,180 shares of the company’s stock, valued at approximately $1,344,887.20. This trade represents a 23.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 65,705 shares of company stock valued at $6,460,300 over the last three months. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On UL Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in UL Solutions by 12.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,550,913 shares of the company’s stock valued at $125,484,000 after purchasing an additional 167,564 shares during the last quarter. Jefferies Financial Group Inc. grew its position in UL Solutions by 543.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 192,915 shares of the company’s stock worth $15,213,000 after buying an additional 162,915 shares during the last quarter. Legal & General Group Plc grew its position in UL Solutions by 78.6% in the fourth quarter. Legal & General Group Plc now owns 103,331 shares of the company’s stock worth $8,149,000 after buying an additional 45,467 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of UL Solutions by 9,024.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 337,881 shares of the company’s stock valued at $26,645,000 after buying an additional 334,178 shares in the last quarter. Finally, Yousif Capital Management LLC bought a new position in shares of UL Solutions in the fourth quarter valued at $1,646,000.

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.