UL Solutions Inc. (NYSE:ULS) Receives $45.80 Average Target Price from Analysts

Shares of UL Solutions Inc. (NYSE:ULS) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $45.80.

ULS has been the subject of a number of research reports. The Goldman Sachs Group lifted their target price on shares of UL Solutions from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Baird R W cut UL Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Wells Fargo & Company upped their target price on UL Solutions from $43.00 to $56.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Robert W. Baird raised their price target on UL Solutions from $46.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Citigroup initiated coverage on UL Solutions in a research note on Monday, October 7th. They issued a “buy” rating and a $60.00 price target for the company.

UL Solutions Stock Down 1.4 %

Shares of NYSE ULS opened at $51.96 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 1.29. UL Solutions has a one year low of $33.15 and a one year high of $56.28. The business has a 50-day moving average price of $51.46 and a two-hundred day moving average price of $45.12.

UL Solutions (NYSE:ULS) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. The company had revenue of $730.00 million for the quarter, compared to analyst estimates of $718.73 million. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts expect that UL Solutions will post 1.48 earnings per share for the current year.

UL Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 30th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, August 30th.

Insider Transactions at UL Solutions

In related news, major shareholder Ulse Inc. sold 3,000,000 shares of UL Solutions stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $49.00, for a total value of $147,000,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Trading of UL Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ULS. EverSource Wealth Advisors LLC bought a new stake in shares of UL Solutions in the second quarter valued at approximately $29,000. Sunbelt Securities Inc. bought a new stake in UL Solutions in the 2nd quarter valued at $72,000. Daiwa Securities Group Inc. acquired a new stake in UL Solutions in the 2nd quarter worth $84,000. TFC Financial Management Inc. acquired a new stake in UL Solutions in the 2nd quarter worth $88,000. Finally, Phillips Wealth Planners LLC bought a new position in shares of UL Solutions during the 3rd quarter worth about $218,000.

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.