UL Solutions Inc. (NYSE:ULS) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of UL Solutions Inc. (NYSE:ULS) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $95.84.

A number of analysts have recently issued reports on ULS shares. Weiss Ratings downgraded shares of UL Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, September 21st. UBS Group upped their target price on shares of UL Solutions from $96.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. The Goldman Sachs Group set a $86.00 target price on UL Solutions in a research note on Wednesday, August 5th. Wall Street Zen downgraded UL Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Wells Fargo & Company raised their price target on UL Solutions from $104.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday.

UL Solutions Trading Up 3.4%

Shares of ULS stock opened at $78.75 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.42 and a current ratio of 2.09. UL Solutions has a 52-week low of $63.17 and a 52-week high of $107.54. The company has a market capitalization of $15.90 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 3.22 and a beta of 0.62. The business’s fifty day moving average is $71.02 and its 200 day moving average is $82.53.

UL Solutions (NYSE:ULS) last announced its earnings results on Tuesday, November 3rd. The company reported $0.62 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.62. UL Solutions had a return on equity of 26.65% and a net margin of 16.07%. The business had revenue of $823.00 million for the quarter, compared to analyst estimates of $815.72 million. During the same period in the prior year, the company earned $0.56 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that UL Solutions will post 2.09 EPS for the current fiscal year.

UL Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 31st were given a dividend of $0.1450 per share. The ex-dividend date was Monday, August 31st. This represents a $0.58 annualized dividend and a dividend yield of 0.7%. UL Solutions’s dividend payout ratio is 23.11%.

Insider Activity at UL Solutions

In other news, CEO Jennifer Scanlon sold 12,500 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $75.03, for a total transaction of $937,875.00. Following the transaction, the chief executive officer directly owned 114,224 shares in the company, valued at approximately $8,570,226.72. This represents a 9.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 37,500 shares of company stock worth $2,734,625. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of UL Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of UL Solutions by 349.3% during the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock worth $26,000 after acquiring an additional 234 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of UL Solutions in the 3rd quarter valued at $33,000. Integrated Wealth Concepts LLC bought a new position in shares of UL Solutions during the 2nd quarter valued at $34,000. Covestor Ltd bought a new position in shares of UL Solutions during the 3rd quarter valued at $34,000. Finally, Signaturefd LLC grew its holdings in shares of UL Solutions by 90.0% during the 3rd quarter. Signaturefd LLC now owns 682 shares of the company’s stock valued at $45,000 after purchasing an additional 323 shares during the last quarter.

About UL Solutions

UL Solutions Inc provides testing, inspection, certification, software and advisory services focused on product safety, performance and sustainability. Its work helps companies assess products and processes against technical standards and regulatory requirements.

The company serves manufacturers and other organizations across industries and geographies. Its services include product testing and certification, cybersecurity and supply-chain assessments, and software and consulting tools for managing compliance and sustainability efforts.

UL Solutions traces its history to Underwriters’ Electrical Bureau, founded in 1894 by engineer William Henry Merrill.