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

Shares of UL Solutions Inc. (NYSE:ULS) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $49.00.

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

Insider Activity at UL Solutions

In related news, insider Gitte Schjotz sold 5,941 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Trading of UL Solutions

A number of hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in shares of UL Solutions by 29.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock worth $222,658,000 after purchasing an additional 1,022,851 shares during the last quarter. Geode Capital Management LLC raised its holdings in UL Solutions by 55.2% in the third quarter. Geode Capital Management LLC now owns 600,936 shares of the company’s stock worth $29,639,000 after purchasing an additional 213,635 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of UL Solutions during the third quarter valued at about $395,000. XTX Topco Ltd boosted its holdings in shares of UL Solutions by 15.5% in the 3rd quarter. XTX Topco Ltd now owns 7,733 shares of the company’s stock valued at $381,000 after buying an additional 1,035 shares in the last quarter. Finally, Zimmer Partners LP grew its position in shares of UL Solutions by 136.7% in the 3rd quarter. Zimmer Partners LP now owns 710,000 shares of the company’s stock worth $35,003,000 after buying an additional 410,000 shares during the last quarter.

UL Solutions Stock Performance

Shares of ULS opened at $49.37 on Friday. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $59.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The company’s fifty day moving average is $51.37 and its 200 day moving average is $50.03.

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

UL Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, November 29th.

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.