UL Solutions Inc. (NYSE:ULS) Receives Average Recommendation of “Moderate Buy” from Brokerages

UL Solutions Inc. (NYSE:ULS) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $49.00.

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

UL Solutions Price Performance

Shares of ULS opened at $54.08 on Friday. 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 simple moving average is $51.14 and its 200 day simple moving average is $46.92. UL Solutions has a 1-year low of $33.15 and a 1-year high of $59.23.

UL Solutions (NYSE:ULS) last posted its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The company had revenue of $731.00 million during the quarter, compared to analysts’ expectations of $709.41 million. The business’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, analysts expect that UL Solutions will post 1.53 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Friday, November 29th.

Insider Transactions at UL Solutions

In other news, major shareholder Ulse Inc. sold 3,000,000 shares of UL Solutions stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $49.00, for a total value of $147,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hedge Funds Weigh In On UL Solutions

Several institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its position in UL Solutions by 1.6% in the 3rd quarter. Stifel Financial Corp now owns 30,500 shares of the company’s stock valued at $1,504,000 after buying an additional 485 shares in the last quarter. Stone House Investment Management LLC bought a new stake in shares of UL Solutions during the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of UL Solutions during the second quarter worth approximately $29,000. XTX Topco Ltd raised its position in shares of UL Solutions by 15.5% during the third quarter. XTX Topco Ltd now owns 7,733 shares of the company’s stock worth $381,000 after purchasing an additional 1,035 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new stake in UL Solutions in the 3rd quarter valued at $84,000.

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.