UL Solutions Inc. (NYSE:ULS) Receives $51.45 Consensus Target Price from Brokerages

UL Solutions Inc. (NYSE:ULS) has been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $51.45.

A number of research firms have recently weighed in on ULS. Citigroup boosted their target price on shares of UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a report on Tuesday, February 25th. The Goldman Sachs Group boosted their price objective on UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their price objective on UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, February 21st.

UL Solutions Price Performance

Shares of UL Solutions stock opened at $57.39 on Friday. The firm has a market cap of $11.49 billion and a PE ratio of 35.43. The stock has a 50 day moving average of $54.18 and a 200 day moving average of $52.66. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions has a 12 month low of $33.50 and a 12 month high of $59.23.

UL Solutions (NYSE:ULS) last posted its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.11. The firm had revenue of $739.00 million during the quarter, compared to analyst estimates of $726.54 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. On average, research analysts expect that UL Solutions will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.91%. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 28th. UL Solutions’s dividend payout ratio (DPR) is 32.10%.

Insider Activity

In other news, EVP Alberto Uggetti sold 1,938 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the transaction, the executive vice president now directly owns 9,285 shares of the company’s stock, valued at approximately $492,105. This trade represents a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quarry LP bought a new position in shares of UL Solutions during the 4th quarter worth $32,000. PNC Financial Services Group Inc. raised its holdings 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 valued at $33,000 after purchasing an additional 582 shares in the last quarter. Rhumbline Advisers bought a new stake in shares of UL Solutions in the 1st quarter valued at about $49,000. Northwest & Ethical Investments L.P. lifted its position in shares of 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 purchasing an additional 400 shares during the period. Finally, KBC Group NV bought a new position in shares of UL Solutions during the fourth quarter valued at approximately $163,000.

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.