UL Solutions Inc. (NYSE:ULS) Receives Consensus Rating of “Moderate Buy” from Analysts

UL Solutions Inc. (NYSE:ULS) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $49.00.

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

Insider Buying and Selling at UL Solutions

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

Hedge Funds Weigh In On UL Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in ULS. Stone House Investment Management LLC acquired a new stake in UL Solutions during the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC acquired a new stake in shares of UL Solutions during the second quarter worth $29,000. Sunbelt Securities Inc. bought a new position in UL Solutions during the second quarter worth $72,000. Daiwa Securities Group Inc. acquired a new position in UL Solutions in the second quarter valued at $84,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in UL Solutions during the third quarter valued at $84,000.

UL Solutions Price Performance

ULS stock opened at $50.89 on Wednesday. UL Solutions has a 52 week low of $33.15 and a 52 week high of $59.23. The company’s 50-day simple moving average is $52.27 and its 200 day simple moving average is $49.12. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31.

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

UL Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders 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 0.98%. The ex-dividend date of this dividend was Friday, November 29th.

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.