UL Solutions Inc. (NYSE:ULS) Receives $96.78 Average PT from Analysts

UL Solutions Inc. (NYSE:ULS) has received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $96.78.

Several research analysts have weighed in on the company. UBS Group cut their price target on UL Solutions from $110.00 to $96.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. The Goldman Sachs Group set a $86.00 target price on UL Solutions in a research report on Wednesday, August 5th. Wall Street Zen lowered UL Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Citigroup dropped their price objective on shares of UL Solutions from $106.40 to $82.80 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Finally, Zacks Research cut shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th.

Insiders Place Their Bets

In other UL Solutions news, CEO Jennifer Scanlon sold 12,500 shares of UL Solutions stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $73.66, for a total value of $920,750.00. Following the transaction, the chief executive officer owned 139,224 shares in the company, valued at $10,255,239.84. This trade represents a 8.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 37,500 shares of company stock worth $3,312,000 over the last quarter. Company insiders own 1.20% of the company’s stock.

Institutional Trading of UL Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC grew its position in UL Solutions by 349.3% during the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock valued at $26,000 after acquiring an additional 234 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of UL Solutions in the 2nd quarter worth about $34,000. NewEdge Advisors LLC raised its holdings in shares of UL Solutions by 50.0% in the 2nd quarter. NewEdge Advisors LLC now owns 450 shares of the company’s stock worth $46,000 after purchasing an additional 150 shares during the period. GAMMA Investing LLC raised its holdings in shares of UL Solutions by 42.4% in the 2nd quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock worth $84,000 after purchasing an additional 245 shares during the period. Finally, Amica Mutual Insurance Co. lifted its stake in shares of UL Solutions by 115.3% in the 4th quarter. Amica Mutual Insurance Co. now owns 2,114 shares of the company’s stock valued at $167,000 after purchasing an additional 1,132 shares in the last quarter.

UL Solutions Price Performance

UL Solutions stock opened at $65.39 on Friday. The stock has a market capitalization of $13.20 billion, a P/E ratio of 26.47, a P/E/G ratio of 2.77 and a beta of 0.63. UL Solutions has a 12-month low of $63.17 and a 12-month high of $107.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.42. The firm’s 50-day moving average is $77.34 and its two-hundred day moving average is $86.87.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, beating 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 business had revenue of $816.00 million during the quarter, compared to analyst estimates of $813.62 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Equities analysts predict that UL Solutions will post 2.08 earnings per share for the current year.

UL Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 0.9%. UL Solutions’s dividend payout ratio (DPR) is currently 23.48%.

About UL Solutions

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.