UL Solutions Inc. (NYSE:ULS) Given Average Rating of "Hold" by Analysts

UL Solutions Inc. (NYSE:ULS - Get Free Report) has been assigned an average recommendation of "Hold" from the seven brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $69.43.

Several brokerages recently issued reports on ULS. UBS Group raised their price objective on UL Solutions from $58.00 to $72.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Robert W. Baird raised their price objective on UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Raymond James Financial raised their price objective on UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group raised their target price on UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company raised their target price on UL Solutions from $65.00 to $77.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th.

Insider Buying and Selling at UL Solutions

In other UL Solutions news, EVP Alberto Uggetti sold 1,961 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $70.00, for a total value of $137,270.00. Following the completion of the sale, the executive vice president directly owned 9,285 shares in the company, valued at $649,950. This represents a 17.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gitte Schjotz sold 7,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total value of $472,080.00. Following the transaction, the insider owned 46,889 shares of the company's stock, valued at approximately $3,162,194.16. The trade was a 12.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ULS. Elequin Capital LP bought a new position in UL Solutions in the first quarter valued at $31,000. Quarry LP purchased a new stake in UL Solutions during the 4th quarter valued at $32,000. PNC Financial Services Group Inc. increased its stake in shares of UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock worth $33,000 after purchasing an additional 582 shares in the last quarter. Rhumbline Advisers bought a new position in UL Solutions in the 1st quarter worth $49,000. Finally, Northwest & Ethical Investments L.P. boosted its holdings in UL Solutions by 23.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after buying an additional 400 shares during the period.

UL Solutions Price Performance

Shares of UL Solutions stock traded up $0.62 on Monday, hitting $70.63. The company's stock had a trading volume of 969,335 shares, compared to its average volume of 762,793. UL Solutions has a 52-week low of $44.01 and a 52-week high of $73.98. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $71.19 and a 200-day moving average price of $60.64. The company has a market capitalization of $14.16 billion, a P/E ratio of 42.29 and a beta of 1.02.

UL Solutions (NYSE:ULS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. The company had revenue of $705.00 million for the quarter, compared to analyst estimates of $704.19 million. UL Solutions had a net margin of 11.60% and a return on equity of 40.79%. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts expect that UL Solutions will post 1.69 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 30th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, May 30th. UL Solutions's dividend payout ratio (DPR) is 31.14%.

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.