UL Solutions Inc. (NYSE:ULS) Receives $50.80 Consensus Target Price from Analysts

Shares of UL Solutions Inc. (NYSE:ULS) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $51.45.

Several analysts have issued reports on the stock. UBS Group boosted their target price on shares of UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Robert W. Baird lifted their target price on shares of UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their price target on UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. boosted their price target on UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company upped their target price on UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th.

Insiders Place Their Bets

In related news, insider Gitte Schjotz sold 5,941 shares of the firm’s stock in a transaction 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 approximately $3,638,062.78. This trade represents a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On UL Solutions

Hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in UL Solutions in the 3rd quarter valued at $2,086,000. Victory Capital Management Inc. increased its stake in UL Solutions by 377.1% during the 3rd quarter. Victory Capital Management Inc. now owns 23,540 shares of the company’s stock worth $1,161,000 after acquiring an additional 18,606 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new position in UL Solutions in the third quarter valued at about $9,615,000. Renaissance Capital LLC lifted its holdings in shares of UL Solutions by 108.5% during the 4th quarter. Renaissance Capital LLC now owns 87,609 shares of the company’s stock worth $4,370,000 after acquiring an additional 45,595 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of UL Solutions by 29.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock valued at $222,658,000 after purchasing an additional 1,022,851 shares in the last quarter.

UL Solutions Price Performance

NYSE ULS opened at $53.09 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $52.55 and a two-hundred day moving average price of $52.02. The stock has a market cap of $10.62 billion and a price-to-earnings ratio of 32.77. UL Solutions has a 52 week low of $33.15 and a 52 week high of $59.23.

UL Solutions (NYSE:ULS) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $726.54 million. Analysts forecast that UL Solutions will post 1.69 EPS for the current year.

UL Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 28th will be issued a $0.13 dividend. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, February 28th. UL Solutions’s dividend payout ratio is 32.10%.

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.