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

UL Solutions Inc. (NYSE:ULS) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $40.80.

Several brokerages have commented on ULS. Wells Fargo & Company raised their target price on shares of UL Solutions from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. William Blair initiated coverage on shares of UL Solutions in a research report on Tuesday, May 7th. They issued an “outperform” rating on the stock. Raymond James initiated coverage on shares of UL Solutions in a research note on Tuesday, May 7th. They issued an “outperform” rating and a $42.00 target price for the company. JPMorgan Chase & Co. lifted their price target on UL Solutions from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Finally, UBS Group initiated coverage on UL Solutions in a research report on Tuesday, May 7th. They set a “neutral” rating and a $38.00 price objective for the company.

Insider Activity

In other news, CEO Jennifer F. Scanlon acquired 89,285 shares of the stock in a transaction dated Tuesday, April 16th. The shares were bought at an average cost of $28.00 per share, for a total transaction of $2,499,980.00. Following the purchase, the chief executive officer now directly owns 89,285 shares of the company’s stock, valued at $2,499,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other UL Solutions news, CAO Karen K. Pepping purchased 3,571 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average price of $28.00 per share, with a total value of $99,988.00. Following the acquisition, the chief accounting officer now directly owns 3,571 shares of the company’s stock, valued at approximately $99,988. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jennifer F. Scanlon acquired 89,285 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was bought at an average price of $28.00 per share, for a total transaction of $2,499,980.00. Following the completion of the acquisition, the chief executive officer now owns 89,285 shares of the company’s stock, valued at $2,499,980. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 199,997 shares of company stock valued at $5,599,916.

UL Solutions Stock Up 2.8 %

Shares of UL Solutions stock opened at $42.19 on Wednesday. The business’s fifty day moving average is $38.43. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.27. UL Solutions has a 12 month low of $33.15 and a 12 month high of $43.85.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Monday, May 20th. The company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The firm had revenue of $670.00 million during the quarter, compared to analyst estimates of $667.66 million. As a group, equities research analysts expect that UL Solutions will post 1.45 EPS for the current fiscal year.

UL Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 3rd were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Monday, June 3rd.

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.