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

Shares of UL Solutions Inc. (NYSE:ULS) have received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $96.78.

ULS has been the topic of several recent research reports. Wells Fargo & Company cut their target price on UL Solutions from $120.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. UBS Group decreased their price target on UL Solutions from $110.00 to $96.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Weiss Ratings raised UL Solutions from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Citigroup reduced their target price on UL Solutions from $106.40 to $82.80 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Finally, Robert W. Baird set a $95.00 target price on shares of UL Solutions in a research report on Wednesday, August 5th.

UL Solutions Stock Down 0.6%

Shares of NYSE ULS opened at $64.00 on Friday. The company has a 50 day simple moving average of $78.63 and a 200 day simple moving average of $87.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.42. UL Solutions has a 1 year low of $63.17 and a 1 year high of $107.54. The firm has a market cap of $12.92 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 2.67 and a beta of 0.63.

UL Solutions (NYSE:ULS) last posted its earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. UL Solutions had a net margin of 16.02% and a return on equity of 28.81%. The firm had revenue of $816.00 million for the quarter, compared to analyst estimates of $813.62 million. During the same period in the previous year, the firm posted $0.52 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts forecast that UL Solutions will post 2.08 EPS for the current year.

UL Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 31st were paid a dividend of $0.145 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.58 annualized dividend and a yield of 0.9%. UL Solutions’s dividend payout ratio (DPR) is currently 23.48%.

Insider Activity at UL Solutions

In related news, CEO Jennifer Scanlon sold 12,500 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $73.66, for a total transaction of $920,750.00. Following the transaction, the chief executive officer owned 139,224 shares in the company, valued at $10,255,239.84. The trade was a 8.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 37,500 shares of company stock worth $3,312,000. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On UL Solutions

Several institutional investors have recently made changes to their positions in ULS. Parallel Advisors LLC grew its stake in shares of UL Solutions by 349.3% in the 1st quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock valued at $26,000 after buying an additional 234 shares during the period. Integrated Wealth Concepts LLC acquired a new position in UL Solutions during the 2nd quarter worth approximately $34,000. NewEdge Advisors LLC raised its stake in UL Solutions by 50.0% during the 2nd quarter. NewEdge Advisors LLC now owns 450 shares of the company’s stock worth $46,000 after buying an additional 150 shares during the period. GAMMA Investing LLC boosted its holdings in UL Solutions by 42.4% in the second quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock worth $84,000 after acquiring an additional 245 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in UL Solutions by 33.6% in the first quarter. Public Employees Retirement System of Ohio now owns 1,945 shares of the company’s stock worth $167,000 after acquiring an additional 489 shares in the last quarter.

UL Solutions Company Profile

UL Solutions Inc (NYSE: ULS) is a global applied safety science company that provides testing, inspection, certification, verification and advisory services. The company helps manufacturers, retailers, regulators and other organizations assess whether products, systems and processes meet applicable safety, security, performance and sustainability requirements.

Its services cover a broad range of industries and technologies, including consumer products, industrial equipment, energy and utilities, chemicals, mobility, information technology and the built environment.