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

UL Solutions Inc. (NYSE:ULS) has received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $49.00.

Several equities research analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Robert W. Baird boosted their price target on UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. UBS Group boosted their price target on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their price target on UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Citigroup assumed coverage on UL Solutions in a research note on Monday, October 7th. They issued a “buy” rating and a $60.00 price target for the company.

UL Solutions Trading Down 1.1 %

UL Solutions stock opened at $50.94 on Wednesday. UL Solutions has a 12 month low of $33.15 and a 12 month high of $59.23. The stock’s 50 day moving average is $52.37 and its 200-day moving average is $48.79. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85.

UL Solutions (NYSE:ULS) last posted its earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.39 by $0.10. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The company had revenue of $731.00 million for the quarter, compared to the consensus estimate of $709.41 million. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts expect that UL Solutions will post 1.53 EPS for the current fiscal year.

UL Solutions Dividend Announcement

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

Insider Activity

In other news, major shareholder Ulse Inc. sold 3,000,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $49.00, for a total value of $147,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gitte Schjotz sold 5,941 shares of the stock in a transaction on Monday, December 9th. The shares were 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 of the company’s stock, valued at $3,638,062.78. The trade was a 7.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Institutional Trading of UL Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC increased its holdings in UL Solutions by 6.9% in the third quarter. FMR LLC now owns 3,565,238 shares of the company’s stock valued at $175,766,000 after purchasing an additional 230,886 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in UL Solutions in the second quarter valued at $96,262,000. American Century Companies Inc. acquired a new stake in UL Solutions in the second quarter valued at $68,832,000. Soros Fund Management LLC increased its holdings in UL Solutions by 127.4% in the third quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company’s stock valued at $56,058,000 after purchasing an additional 637,077 shares during the period. Finally, AltraVue Capital LLC acquired a new stake in UL Solutions in the second quarter valued at $35,050,000.

About UL Solutions

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.