UL Solutions Inc. (NYSE:ULS) Receives $49.00 Consensus Price Target from Analysts

Shares of UL Solutions Inc. (NYSE:ULS) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $49.00.

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

UL Solutions Stock Performance

ULS stock opened at $51.32 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The business’s 50-day moving average is $51.32 and its two-hundred day moving average is $50.23. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $59.23.

UL Solutions (NYSE:ULS) last announced its earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 40.88% and a net margin of 10.76%. UL Solutions’s quarterly revenue was up 8.1% on a year-over-year basis. On average, research analysts forecast that UL Solutions will post 1.53 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were issued a $0.125 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.50 annualized dividend and a dividend yield of 0.97%.

Insider Buying and Selling at UL Solutions

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of the stock in a transaction that occurred on 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 in the company, valued at $3,638,062.78. This represents a 7.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new stake in shares of UL Solutions during the second quarter worth about $586,000. Victory Capital Management Inc. acquired a new stake in shares of UL Solutions in the 2nd quarter valued at approximately $208,000. Daiwa Securities Group Inc. purchased a new stake in shares of UL Solutions during the 2nd quarter worth $84,000. American Century Companies Inc. acquired a new position in UL Solutions during the second quarter worth about $68,832,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in UL Solutions in the 2nd quarter valued at approximately $25,667,000.

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.