UL Solutions Inc. (NYSE:ULS) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on UL Solutions, with six buy ratings and five hold ratings. The average 12-month price target is $96.78, well above the reported share price of $64.00.
• UL Solutions exceeded quarterly expectations, reporting $0.59 in EPS versus the $0.56 consensus and $816 million in revenue, up 5.2% year over year.
• The company pays a quarterly dividend of $0.145, equivalent to an annualized $0.58 and a 0.9% yield. CEO Jennifer Scanlon recently sold 12,500 shares, while insiders have sold 37,500 shares worth approximately $3.3 million over the past 90 days.

Shares of UL Solutions Inc. (NYSE:ULS - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven research firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $96.78.

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of UL Solutions from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Zacks Research lowered UL Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Robert W. Baird set a $95.00 price target on UL Solutions in a report on Wednesday, August 5th. Weiss Ratings upgraded UL Solutions from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 5th. Finally, Citigroup reduced their price objective on UL Solutions from $106.40 to $82.80 and set a "neutral" rating on the stock in a research note on Wednesday, August 5th.

UL Solutions Price Performance

Shares of NYSE ULS opened at $64.00 on Friday. The business has a fifty day moving average price of $78.63 and a two-hundred day moving average price of $87.17. The stock has a market capitalization of $12.92 billion, a PE ratio of 25.91, a P/E/G ratio of 2.67 and a beta of 0.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.42. UL Solutions has a fifty-two week low of $63.17 and a fifty-two week high of $107.54.

UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.03. The company had revenue of $816.00 million for the quarter, compared to analysts' expectations of $813.62 million. UL Solutions had a return on equity of 28.81% and a net margin of 16.02%.UL Solutions's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. As a group, equities analysts predict that UL Solutions will post 2.08 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 31st were issued a $0.145 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.9%. UL Solutions's dividend payout ratio is 23.48%.

Insider Buying and Selling at UL Solutions

In related news, CEO Jennifer Scanlon sold 12,500 shares of UL Solutions stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $73.66, for a total transaction of $920,750.00. Following the sale, the chief executive officer directly owned 139,224 shares of the company's stock, valued at approximately $10,255,239.84. The trade was a 8.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 37,500 shares of company stock valued at $3,312,000. Company insiders own 1.20% of the company's stock.

Institutional Trading of UL Solutions

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in shares of UL Solutions by 50.0% during the second quarter. NewEdge Advisors LLC now owns 450 shares of the company's stock worth $46,000 after buying an additional 150 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of UL Solutions by 1.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,155 shares of the company's stock valued at $1,195,000 after acquiring an additional 194 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of UL Solutions by 5.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,404 shares of the company's stock valued at $449,000 after acquiring an additional 217 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of UL Solutions by 349.3% during the 1st quarter. Parallel Advisors LLC now owns 301 shares of the company's stock valued at $26,000 after acquiring an additional 234 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in UL Solutions by 42.4% during the 2nd quarter. GAMMA Investing LLC now owns 823 shares of the company's stock worth $84,000 after acquiring an additional 245 shares during the last quarter.

UL Solutions Company Profile

UL Solutions Inc NYSE: ULS is a global applied safety science company that provides testing, inspection, certification, verification and advisory services. The company helps manufacturers, retailers, regulators and other organizations assess whether products, systems and processes meet applicable safety, security, performance and sustainability requirements.

Its services cover a broad range of industries and technologies, including consumer products, industrial equipment, energy and utilities, chemicals, mobility, information technology and the built environment.

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