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

Shares of UL Solutions Inc. (NYSE:ULS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $51.45.

Several analysts have recently commented on ULS shares. The Goldman Sachs Group increased their price target on shares of UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Citigroup raised their price target on UL Solutions from $60.00 to $60.50 and gave the stock a "buy" rating in a research report on Tuesday, February 25th.

Insider Buying and Selling

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the transaction, the executive vice president now owns 9,285 shares of the company's stock, valued at $492,105. This trade represents a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Institutional Trading of UL Solutions

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in UL Solutions by 7.8% in the fourth quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company's stock valued at $278,016,000 after acquiring an additional 401,492 shares during the last quarter. Renaissance Capital LLC lifted its stake in shares of UL Solutions by 108.5% in the 4th quarter. Renaissance Capital LLC now owns 87,609 shares of the company's stock valued at $4,370,000 after purchasing an additional 45,595 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of UL Solutions by 29.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock worth $222,658,000 after purchasing an additional 1,022,851 shares during the period. Picton Mahoney Asset Management raised its holdings in UL Solutions by 18.6% in the fourth quarter. Picton Mahoney Asset Management now owns 114,721 shares of the company's stock valued at $5,722,000 after buying an additional 18,019 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in UL Solutions during the fourth quarter valued at approximately $332,000.

UL Solutions Stock Performance

Shares of ULS stock opened at $67.03 on Wednesday. The stock has a fifty day moving average price of $55.06 and a 200 day moving average price of $53.32. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $13.42 billion and a PE ratio of 41.38. UL Solutions has a 1 year low of $34.90 and a 1 year high of $68.85.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $705.00 million during the quarter, compared to the consensus estimate of $704.19 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts forecast 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. Stockholders of record on Friday, February 28th were issued 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 dividend yield of 0.78%. The ex-dividend date was Friday, February 28th. UL Solutions's dividend payout ratio is presently 32.10%.

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.

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