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

Shares of UL Solutions Inc. (NYSE:ULS) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $101.54.

A number of research analysts have issued reports on the stock. Raymond James Financial restated an “outperform” rating and set a $115.00 target price on shares of UL Solutions in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on shares of UL Solutions from $102.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reiterated a “neutral” rating on shares of UL Solutions in a research note on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on UL Solutions from $88.00 to $108.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Zacks Research lowered UL Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th.

UL Solutions Trading Down 0.2%

ULS stock opened at $92.20 on Friday. UL Solutions has a 52 week low of $61.64 and a 52 week high of $107.54. The company has a market capitalization of $18.58 billion, a PE ratio of 53.92, a price-to-earnings-growth ratio of 3.55 and a beta of 0.63. The company’s 50-day simple moving average is $93.83 and its 200 day simple moving average is $87.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16.

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

UL Solutions Announces Dividend

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

Insider Buying and Selling

In related news, CAO Karen K. Pepping sold 725 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were 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 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 through the SEC website. Also, Director Friedrich Hecker sold 4,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $102.04, for a total transaction of $408,160.00. Following the sale, the director owned 13,180 shares in the company, valued at $1,344,887.20. The trade was a 23.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,205 shares of company stock valued at $5,315,675 in the last ninety days. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On UL Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital International Investors lifted its holdings in shares of UL Solutions by 6.6% during the 4th quarter. Capital International Investors now owns 8,043,735 shares of the company’s stock worth $634,616,000 after acquiring an additional 495,424 shares during the period. Vanguard Group Inc. increased its stake in UL Solutions by 21.9% in the fourth quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company’s stock valued at $531,567,000 after acquiring an additional 1,213,188 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in UL Solutions by 10.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,878,995 shares of the company’s stock valued at $463,618,000 after acquiring an additional 545,528 shares during the last quarter. Janus Henderson Group PLC raised its position in UL Solutions by 1.8% during the fourth quarter. Janus Henderson Group PLC now owns 3,024,820 shares of the company’s stock valued at $238,538,000 after purchasing an additional 54,910 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in UL Solutions by 2.0% during the first quarter. Bessemer Group Inc. now owns 2,265,772 shares of the company’s stock valued at $194,199,000 after purchasing an additional 44,103 shares in the last quarter.

UL Solutions Company Profile

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.