UL Solutions Inc. (NYSE:ULS) Given Average Rating of “Moderate Buy” by Analysts

UL Solutions Inc. (NYSE:ULS) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $45.80.

A number of brokerages recently issued reports on ULS. Baird R W cut shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. The Goldman Sachs Group boosted their price target on UL Solutions from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Citigroup assumed coverage on UL Solutions in a research report on Monday, October 7th. They set a “buy” rating and a $60.00 price objective for the company. Robert W. Baird raised their price target on UL Solutions from $46.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company upped their price target on shares of UL Solutions from $43.00 to $56.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st.

UL Solutions Price Performance

ULS stock opened at $52.57 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.00. UL Solutions has a 1 year low of $33.15 and a 1 year high of $56.28. The business has a 50-day moving average of $51.50.

UL Solutions (NYSE:ULS) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.06. The firm had revenue of $730.00 million for the quarter, compared to the consensus estimate of $718.73 million. The business’s revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts expect that UL Solutions will post 1.48 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 30th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.50 dividend on an annualized basis and a yield of 0.95%.

Insider Transactions at UL Solutions

In other UL Solutions news, major shareholder Ulse Inc. sold 3,000,000 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $49.00, for a total value of $147,000,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Bellecapital International Ltd. bought a new stake in shares of UL Solutions during the 2nd quarter valued at $208,000. Raymond James & Associates purchased a new stake in UL Solutions in the second quarter worth about $9,089,000. Hall Laurie J Trustee bought a new position in shares of UL Solutions in the second quarter worth about $2,066,000. TFC Financial Management Inc. purchased a new position in shares of UL Solutions during the 2nd quarter valued at about $88,000. Finally, Bank of New York Mellon Corp bought a new position in shares of UL Solutions during the 2nd quarter valued at approximately $586,000.

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.