UL Solutions (NYSE:ULS) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of UL Solutions (NYSE:ULS) in a report released on Tuesday morning, MarketBeat.com reports. The firm issued an overweight rating and a $40.00 target price on the stock.

Separately, Bank of America assumed coverage on shares of UL Solutions in a report on Tuesday. They issued a buy rating and a $42.00 price target on the stock. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $40.30.

UL Solutions Price Performance

NYSE ULS opened at $35.77 on Tuesday. UL Solutions has a twelve month low of $33.15 and a twelve month high of $36.92.

Insiders Place Their Bets

In related news, CEO Jennifer F. Scanlon bought 89,285 shares of UL Solutions stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average cost of $28.00 per share, with a total value of $2,499,980.00. Following the completion of the transaction, the chief executive officer now owns 89,285 shares in the company, valued at approximately $2,499,980. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Weifang Zhou acquired 26,786 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average cost of $28.00 per share, for a total transaction of $750,008.00. Following the completion of the acquisition, the insider now directly owns 26,786 shares of the company’s stock, valued at approximately $750,008. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer F. Scanlon bought 89,285 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were acquired at an average price of $28.00 per share, for a total transaction of $2,499,980.00. Following the completion of the acquisition, the chief executive officer now owns 89,285 shares in the company, valued at $2,499,980. The disclosure for this purchase can be found here. Insiders have acquired a total of 199,997 shares of company stock worth $5,599,916 over the last quarter.

UL Solutions Company Profile

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.