UL Solutions Inc. (NYSE:ULS) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of UL Solutions Inc. (NYSE:ULS) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $95.78.

A number of equities research analysts have weighed in on the company. Robert W. Baird reduced their target price on UL Solutions from $95.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday. Wall Street Zen lowered UL Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Citigroup decreased their target price on UL Solutions from $106.40 to $82.80 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings downgraded UL Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Finally, William Blair reissued an “outperform” rating on shares of UL Solutions in a report on Monday.

Insider Buying and Selling

In related news, CEO Jennifer Scanlon sold 12,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 139,224 shares of the company’s stock, valued at $10,255,239.84. This represents a 8.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 37,500 shares of company stock valued at $3,312,000. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ULS. Norges Bank acquired a new position in UL Solutions in the 4th quarter worth about $72,719,000. T. Rowe Price Investment Management Inc. raised its position in UL Solutions by 10.2% in the fourth 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 during the last quarter. Capital International Investors boosted its stake in shares of UL Solutions by 6.6% during the fourth 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. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of UL Solutions during the fourth quarter valued at about $35,109,000. Finally, Ranger Investment Management L.P. bought a new stake in shares of UL Solutions during the second quarter worth about $42,598,000.

UL Solutions Stock Performance

ULS opened at $65.99 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.42. UL Solutions has a 52-week low of $63.17 and a 52-week high of $107.54. The firm has a market cap of $13.32 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 2.73 and a beta of 0.63. The business’s fifty day moving average is $76.43 and its 200-day moving average is $86.61.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, August 4th. The company reported $0.59 EPS for the quarter, beating the consensus estimate 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 last year, the firm earned $0.52 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts expect that UL Solutions will post 2.08 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 31st were given a dividend of $0.1450 per share. This represents a $0.58 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, August 31st. UL Solutions’s dividend payout ratio 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.