UL Solutions Inc. (NYSE:ULS) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of UL Solutions Inc. (NYSE:ULS - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $49.00.

Several research analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of UL Solutions from $56.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Robert W. Baird increased their price objective on UL Solutions from $53.00 to $57.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Citigroup started coverage on UL Solutions in a research report on Monday, October 7th. They issued a "buy" rating and a $60.00 target price on the stock. UBS Group boosted their price target on UL Solutions from $52.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price target on UL Solutions from $45.00 to $51.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th.

Insider Activity

In other news, major shareholder Ulse Inc. sold 3,000,000 shares of the business's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $49.00, for a total transaction of $147,000,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gitte Schjotz sold 5,941 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the transaction, the insider now owns 69,191 shares of the company's stock, valued at $3,638,062.78. This trade represents a 7.91 % decrease in their position. The disclosure for this sale can be found here.

Institutional Investors Weigh In On UL Solutions

A number of large investors have recently made changes to their positions in the company. Raymond James & Associates purchased a new position in UL Solutions during the 2nd quarter worth approximately $9,089,000. Bank of New York Mellon Corp purchased a new position in shares of UL Solutions during the second quarter valued at $586,000. Legato Capital Management LLC acquired a new position in UL Solutions during the second quarter valued at $534,000. Conestoga Capital Advisors LLC purchased a new stake in UL Solutions in the 2nd quarter worth about $29,229,000. Finally, Peregrine Capital Management LLC acquired a new stake in UL Solutions during the 2nd quarter worth about $2,194,000.

UL Solutions Stock Performance

Shares of UL Solutions stock traded down $1.09 on Wednesday, reaching $49.85. 676,327 shares of the company were exchanged, compared to its average volume of 725,121. UL Solutions has a 1-year low of $33.15 and a 1-year high of $59.23. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The company's 50-day moving average is $52.38 and its two-hundred day moving average is $48.88.

UL Solutions (NYSE:ULS - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.10. The firm had revenue of $731.00 million for the quarter, compared to analyst estimates of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. UL Solutions's quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that UL Solutions will post 1.53 earnings per share for the current year.

UL Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date 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.