UL Solutions Inc. (NYSE:ULS) Receives Average Rating of "Hold" from Analysts

Key Points

• UL Solutions Inc. has received a consensus rating of "Hold" from seven research firms, with four recommending hold and three suggesting buy, while the average 12-month target price is $70.86.
• Large investors have shown increased interest, with notable holdings changes, including Parkside Financial Bank raising its stake by 48.4% in Q2.
• The company reported earnings per share of $0.52 for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.13 per share, reflecting an annual yield of 0.8%.

Shares of UL Solutions Inc. (NYSE:ULS - Get Free Report) have been given a consensus recommendation of "Hold" by the seven research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $70.8571.

Several analysts recently commented on the company. UBS Group decreased their price target on UL Solutions from $72.00 to $70.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. JPMorgan Chase & Co. boosted their price target on UL Solutions from $64.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th.

Institutional Investors Weigh In On UL Solutions

A number of institutional investors have recently made changes to their positions in ULS. Reynders McVeigh Capital Management LLC raised its stake in UL Solutions by 2.2% in the second quarter. Reynders McVeigh Capital Management LLC now owns 552,757 shares of the company's stock valued at $40,274,000 after buying an additional 11,672 shares during the period. Osaic Holdings Inc. raised its stake in UL Solutions by 1,115.4% in the second quarter. Osaic Holdings Inc. now owns 10,987 shares of the company's stock valued at $801,000 after buying an additional 10,083 shares during the period. Centaurus Financial Inc. acquired a new position in shares of UL Solutions in the second quarter valued at approximately $110,000. Munro Partners acquired a new position in shares of UL Solutions in the second quarter valued at approximately $2,153,000. Finally, Ranger Investment Management L.P. grew its position in shares of UL Solutions by 54.6% in the second quarter. Ranger Investment Management L.P. now owns 424,895 shares of the company's stock valued at $30,958,000 after purchasing an additional 150,020 shares during the last quarter.

UL Solutions Stock Down 2.2%

Shares of NYSE ULS traded down $1.49 during mid-day trading on Tuesday, reaching $66.85. 513,643 shares of the company traded hands, compared to its average volume of 815,172. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $13.43 billion, a PE ratio of 41.27 and a beta of 0.97. The company's fifty day moving average is $67.95 and its two-hundred day moving average is $64.12. UL Solutions has a fifty-two week low of $48.11 and a fifty-two week high of $74.15.

UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. The business had revenue of $776.00 million for the quarter, compared to analyst estimates of $771.55 million. UL Solutions had a return on equity of 37.33% and a net margin of 11.08%.The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, analysts expect that UL Solutions will post 1.69 earnings per share for the current year.

UL Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Friday, August 29th were given a dividend of $0.13 per share. The ex-dividend date was Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.8%. UL Solutions's 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.