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

UL Solutions Inc. (NYSE:ULS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $51.45.

ULS has been the topic of several research reports. The Goldman Sachs Group boosted their price objective on shares of UL Solutions from $51.00 to $57.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Citigroup boosted their price target on UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised their price objective on UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st.

UL Solutions Stock Performance

Shares of NYSE ULS traded down $2.39 during trading hours on Friday, hitting $55.33. 425,912 shares of the company's stock were exchanged, compared to its average volume of 716,990. The stock has a market capitalization of $11.08 billion and a price-to-earnings ratio of 34.15. The company's 50-day moving average price is $54.25 and its 200-day moving average price is $52.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. UL Solutions has a 1-year low of $33.50 and a 1-year high of $59.23.

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UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $739.00 million during the quarter, compared to analysts' expectations of $726.54 million. On average, sell-side analysts expect that UL Solutions will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This is a positive change from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Friday, February 28th. UL Solutions's dividend payout ratio is currently 32.10%.

Insider Transactions at UL Solutions

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the sale, the executive vice president now directly owns 9,285 shares of the company's stock, valued at approximately $492,105. This represents a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in UL Solutions in the fourth quarter worth $173,869,000. T. Rowe Price Investment Management Inc. lifted its position in shares of UL Solutions by 88.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,224,709 shares of the company's stock worth $210,729,000 after purchasing an additional 1,987,295 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock valued at $222,658,000 after purchasing an additional 1,022,851 shares in the last quarter. Capital International Investors lifted its holdings in UL Solutions by 7.4% during the 4th quarter. Capital International Investors now owns 11,691,957 shares of the company's stock worth $583,324,000 after buying an additional 809,779 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of UL Solutions in the 4th quarter valued at $32,091,000.

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.