UL Solutions (NYSE:ULS) Sees Unusually-High Trading Volume – What’s Next?

UL Solutions Inc. (NYSE:ULS) saw an uptick in trading volume on Monday . 994,182 shares were traded during trading, an increase of 24% from the previous session’s volume of 804,268 shares.The stock last traded at $77.5850 and had previously closed at $76.60.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. UBS Group raised their price target on shares of UL Solutions from $75.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Wells Fargo & Company boosted their price target on UL Solutions from $77.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $84.00 target price (up from $70.00) on shares of UL Solutions in a report on Wednesday, November 5th. The Goldman Sachs Group lifted their price objective on UL Solutions from $69.00 to $79.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of UL Solutions in a report on Monday. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $81.71.

UL Solutions Stock Performance

The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.45. The stock has a market cap of $15.48 billion, a PE ratio of 46.16 and a beta of 0.91. The business’s 50-day moving average price is $81.16 and its 200-day moving average price is $73.28.

UL Solutions (NYSE:ULS) last announced its earnings results on Tuesday, November 4th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.09. UL Solutions had a net margin of 11.29% and a return on equity of 34.49%. The company had revenue of $783.00 million during the quarter, compared to the consensus estimate of $769.01 million. During the same period last year, the firm earned $0.49 earnings per share. UL Solutions’s revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Friday, November 28th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, November 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.7%. UL Solutions’s dividend payout ratio is 31.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Elequin Capital LP purchased a new stake in shares of UL Solutions during the first quarter valued at $31,000. Parkside Financial Bank & Trust raised its stake in shares of UL Solutions by 48.4% in the second quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock worth $38,000 after purchasing an additional 171 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of UL Solutions during the third quarter worth about $40,000. Northwestern Mutual Wealth Management Co. boosted its position in UL Solutions by 3,070.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock valued at $46,000 after buying an additional 614 shares during the last quarter. Finally, Rhumbline Advisers acquired a new position in UL Solutions in the 1st quarter worth approximately $49,000.

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.