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

UL Solutions Inc. (NYSE:ULS) has received an average rating of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $101.54.

ULS has been the subject of several research reports. The Goldman Sachs Group reiterated a “neutral” rating on shares of UL Solutions in a report on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and set a $115.00 price target on shares of UL Solutions in a report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on UL Solutions from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Telsey Advisory Group set a $100.00 price target on UL Solutions in a report on Wednesday, May 6th. Finally, Citigroup lifted their price target on UL Solutions from $87.80 to $106.40 and gave the company a “neutral” rating in a report on Thursday, May 7th.

Insider Transactions at UL Solutions

In other news, CEO Jennifer F. Scanlon sold 12,500 shares of UL Solutions stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $91.57, for a total transaction of $1,144,625.00. Following the completion of the sale, the chief executive officer directly owned 188,274 shares in the company, valued at $17,240,250.18. The trade was a 6.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alberto Uggetti sold 6,100 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $100.00, for a total value of $610,000.00. Following the completion of the sale, the executive vice president owned 10,307 shares of the company’s stock, valued at approximately $1,030,700. This trade represents a 37.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 43,100 shares of company stock valued at $4,063,215 in the last quarter. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On UL Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Argent Capital Management LLC lifted its holdings in UL Solutions by 53.9% in the 1st quarter. Argent Capital Management LLC now owns 76,644 shares of the company’s stock worth $6,569,000 after purchasing an additional 26,828 shares during the last quarter. CTC Alternative Strategies Ltd. acquired a new stake in UL Solutions in the 1st quarter worth approximately $300,000. Bank of America Corp DE lifted its holdings in UL Solutions by 68.2% in the 1st quarter. Bank of America Corp DE now owns 113,623 shares of the company’s stock worth $9,739,000 after purchasing an additional 46,071 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in UL Solutions by 11.3% in the 1st quarter. Centaurus Financial Inc. now owns 2,516 shares of the company’s stock worth $216,000 after purchasing an additional 255 shares during the last quarter. Finally, Amundi acquired a new stake in UL Solutions in the 1st quarter worth approximately $235,000.

UL Solutions Trading Up 0.5%

NYSE:ULS opened at $102.87 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. UL Solutions has a fifty-two week low of $61.64 and a fifty-two week high of $107.54. The stock’s 50-day moving average is $90.49 and its two-hundred day moving average is $83.41. The stock has a market cap of $20.73 billion, a PE ratio of 60.16, a price-to-earnings-growth ratio of 4.00 and a beta of 0.59.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.08. The company had revenue of $758.00 million for the quarter, compared to analysts’ expectations of $748.50 million. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. As a group, equities research analysts forecast that UL Solutions will post 2.1 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Friday, May 29th will be 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 is Friday, May 29th. UL Solutions’s payout ratio is currently 33.92%.

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.