UL Solutions (NYSE:ULS) Now Covered by Bank of America

Research analysts at Bank of America started coverage on shares of UL Solutions (NYSE:ULS) in a research note issued on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $42.00 price target on the stock. Bank of America‘s target price indicates a potential upside of 16.44% from the stock’s current price.

UL Solutions Price Performance

Shares of ULS opened at $36.07 on Tuesday. UL Solutions has a 52-week low of $33.15 and a 52-week high of $36.07.

Insider Buying and Selling

In related news, EVP Linda S. Chapin acquired 1,785 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were acquired at an average price of $28.00 per share, with a total value of $49,980.00. Following the acquisition, the executive vice president now owns 1,785 shares of the company’s stock, valued at approximately $49,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other UL Solutions news, Director James M. Shannon bought 7,142 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were acquired at an average cost of $28.00 per share, for a total transaction of $199,976.00. Following the purchase, the director now directly owns 7,142 shares of the company’s stock, valued at $199,976. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Linda S. Chapin bought 1,785 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average price of $28.00 per share, for a total transaction of $49,980.00. Following the completion of the purchase, the executive vice president now directly owns 1,785 shares in the company, valued at $49,980. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 199,997 shares of company stock valued at $5,599,916.

UL Solutions Company Profile

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.