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

UL Solutions Inc. (NYSE:ULS) has been assigned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $101.54.

ULS has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on UL Solutions from $88.00 to $108.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings upgraded UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. UBS Group lifted their target price on UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Telsey Advisory Group set a $100.00 target price on UL Solutions in a report on Wednesday, May 6th. Finally, Bank of America lifted their target price on UL Solutions to $86.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th.

UL Solutions Price Performance

Shares of UL Solutions stock opened at $98.95 on Friday. The stock has a market cap of $19.94 billion, a price-to-earnings ratio of 57.87, a price-to-earnings-growth ratio of 3.85 and a beta of 0.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a 50 day moving average price of $88.55 and a 200-day moving average price of $82.66. UL Solutions has a one year low of $61.64 and a one year high of $107.54.

UL Solutions (NYSE:ULS) last announced its earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $758.00 million during the quarter, compared to analysts’ expectations of $748.50 million. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. Equities analysts expect that UL Solutions will post 2.1 EPS for the current year.

UL Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were paid a dividend of $0.145 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio is 33.92%.

Insider Buying and Selling

In related news, insider Gitte Schjotz sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $103.96, for a total transaction of $831,680.00. Following the completion of the sale, the insider directly owned 81,221 shares of the company’s stock, valued at approximately $8,443,735.16. This trade represents a 8.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alberto Uggetti sold 6,100 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $100.00, for a total value of $610,000.00. Following the sale, the executive vice president directly owned 10,307 shares of the company’s stock, valued at $1,030,700. This represents a 37.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 39,100 shares of company stock valued at $3,655,055. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On UL Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Capital International Investors raised its position in UL Solutions by 6.6% during the 4th quarter. Capital International Investors now owns 8,043,735 shares of the company’s stock valued at $634,616,000 after purchasing an additional 495,424 shares in the last quarter. Vanguard Group Inc. raised its position in UL Solutions by 21.9% during the 4th quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company’s stock valued at $531,567,000 after purchasing an additional 1,213,188 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in UL Solutions by 10.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,878,995 shares of the company’s stock valued at $463,618,000 after purchasing an additional 545,528 shares in the last quarter. Capital Research Global Investors raised its position in UL Solutions by 20.6% during the 3rd quarter. Capital Research Global Investors now owns 3,942,905 shares of the company’s stock valued at $279,394,000 after purchasing an additional 674,088 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in UL Solutions by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 3,024,820 shares of the company’s stock valued at $238,538,000 after purchasing an additional 54,910 shares in the last quarter.

About UL Solutions

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.