UL Solutions (NYSE:ULS) Earns Buy (B) Rating from Weiss Ratings

Key Points

• UL Solutions has received a "buy (B)" rating from Weiss Ratings, reaffirming investor confidence in the company's stock.
• Recent earnings reports show UL Solutions beating expectations with $0.52 earnings per share, compared to the consensus estimate of $0.47.
• Analysts have varied opinions on UL Solutions, with UBS lowering its price target to $70.00 and JPMorgan raising it to $70.00, resulting in an average target price of $70.86.

UL Solutions (NYSE:ULS - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently commented on ULS. UBS Group lowered their price target on UL Solutions from $72.00 to $70.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their price target on UL Solutions from $64.00 to $70.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, UL Solutions has an average rating of "Moderate Buy" and an average target price of $70.86.

UL Solutions Price Performance

NYSE ULS traded up $1.95 during midday trading on Wednesday, hitting $75.41. The company had a trading volume of 241,426 shares, compared to its average volume of 795,949. The company has a market capitalization of $15.15 billion, a PE ratio of 46.51 and a beta of 1.04. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $67.42 and a 200-day moving average price of $66.34. UL Solutions has a twelve month low of $48.54 and a twelve month high of $75.56.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. The firm had revenue of $776.00 million during the quarter, compared to analysts' expectations of $771.55 million. UL Solutions had a return on equity of 37.33% and a net margin of 11.08%.The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. As a group, analysts anticipate that UL Solutions will post 1.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its stake in shares of UL Solutions by 7.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,530,367 shares of the company's stock worth $255,513,000 after purchasing an additional 305,658 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of UL Solutions by 1.9% in the first quarter. JPMorgan Chase & Co. now owns 4,473,990 shares of the company's stock worth $252,333,000 after purchasing an additional 82,261 shares during the last quarter. Bessemer Group Inc. increased its position in shares of UL Solutions by 32.2% during the second quarter. Bessemer Group Inc. now owns 1,889,787 shares of the company's stock valued at $137,689,000 after acquiring an additional 460,394 shares during the last quarter. Norges Bank purchased a new stake in shares of UL Solutions during the second quarter valued at approximately $89,174,000. Finally, Conestoga Capital Advisors LLC increased its position in shares of UL Solutions by 64.6% during the second quarter. Conestoga Capital Advisors LLC now owns 1,169,274 shares of the company's stock valued at $85,193,000 after acquiring an additional 458,972 shares during the last quarter.

About UL Solutions

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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