UL Solutions (NYSE:ULS) Upgraded to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded UL Solutions (NYSE:ULS) from a "hold" to a "strong-buy" on Tuesday.
• Analyst actions are mixed—Bank of America raised its target to $86 (buy), UBS to $90 (neutral), Goldman Sachs and JPMorgan stayed neutral and Weiss downgraded to hold—leaving a MarketBeat consensus of "Moderate Buy" with an average target of $87.60.
• ULS recently beat quarterly estimates (EPS $0.53 vs. $0.46; revenue $789M, +6.8% YoY), trades near its 12‑month high (~$90), and has a market cap of about $18.2B with a P/E around 56.8.

UL Solutions (NYSE:ULS - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. Bank of America boosted their target price on UL Solutions to $86.00 and gave the stock a "buy" rating in a research note on Tuesday, February 17th. The Goldman Sachs Group restated a "neutral" rating on shares of UL Solutions in a research note on Friday, February 20th. UBS Group upped their price objective on UL Solutions from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, February 20th. Weiss Ratings downgraded UL Solutions from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on UL Solutions from $84.00 to $88.00 and gave the company a "neutral" rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.60.

UL Solutions Price Performance

Shares of NYSE ULS opened at $90.33 on Tuesday. UL Solutions has a twelve month low of $52.40 and a twelve month high of $91.95. The stock's 50 day moving average price is $81.25 and its 200-day moving average price is $79.85. The company has a market capitalization of $18.16 billion, a PE ratio of 56.81, a PEG ratio of 3.62 and a beta of 0.77. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38.

UL Solutions (NYSE:ULS - Get Free Report) last announced its earnings results on Thursday, February 19th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.07. UL Solutions had a return on equity of 31.62% and a net margin of 10.61%.The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $782.37 million. During the same quarter in the previous year, the business earned $0.49 EPS. The company's revenue was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that UL Solutions will post 1.69 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jennifer F. Scanlon sold 12,500 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $85.50, for a total value of $1,068,750.00. Following the transaction, the chief executive officer owned 200,774 shares in the company, valued at approximately $17,166,177. This represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On UL Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in shares of UL Solutions by 18.2% during the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company's stock worth $61,000 after purchasing an additional 133 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of UL Solutions by 4.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,541 shares of the company's stock worth $251,000 after purchasing an additional 145 shares in the last quarter. Advisor OS LLC grew its holdings in shares of UL Solutions by 4.4% during the fourth quarter. Advisor OS LLC now owns 3,477 shares of the company's stock worth $274,000 after purchasing an additional 147 shares in the last quarter. Cresset Asset Management LLC grew its holdings in shares of UL Solutions by 4.0% during the second quarter. Cresset Asset Management LLC now owns 4,174 shares of the company's stock worth $304,000 after purchasing an additional 159 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its holdings in shares of UL Solutions by 3.6% during the third quarter. Sheets Smith Wealth Management now owns 4,674 shares of the company's stock worth $331,000 after purchasing an additional 164 shares in the last quarter.

About UL Solutions

UL Solutions NYSE: ULS is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters' Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company's core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.

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