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

UL Solutions Inc. (NYSE:ULS) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four research 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.

ULS has been the subject of a number of research analyst reports. Robert W. Baird raised their price target on shares of UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Citigroup assumed coverage on UL Solutions in a research note on Monday, October 7th. They issued a “buy” rating and a $60.00 target price for the company. The Goldman Sachs Group boosted their price target on UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Wells Fargo & Company raised their price objective on UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, UBS Group upped their target price on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th.

Insider Activity at UL Solutions

In other news, insider Gitte Schjotz sold 5,941 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the sale, the insider now directly owns 69,191 shares of the company’s stock, valued at $3,638,062.78. This represents a 7.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Hedge Funds Weigh In On UL Solutions

A number of large investors have recently bought and sold shares of the business. Stone House Investment Management LLC acquired a new stake in UL Solutions in the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC acquired a new stake in UL Solutions in the 2nd quarter valued at $29,000. Sunbelt Securities Inc. purchased a new stake in UL Solutions in the 2nd quarter worth $72,000. Daiwa Securities Group Inc. acquired a new position in UL Solutions during the second quarter worth $84,000. Finally, Northwest & Ethical Investments L.P. purchased a new position in UL Solutions during the third quarter valued at $84,000.

UL Solutions Stock Down 0.0 %

Shares of NYSE:ULS opened at $49.37 on Friday. The business’s 50-day moving average is $51.37 and its 200 day moving average is $50.03. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. 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 quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. The firm had revenue of $731.00 million for the quarter, compared to the consensus estimate of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts anticipate that UL Solutions will post 1.53 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, November 29th.

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.