UL Solutions (NYSE:ULS) Coverage Initiated at Bank of America

Stock analysts at Bank of America initiated coverage on shares of UL Solutions (NYSE:ULS) in a report released on Tuesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $42.00 price target on the stock. Bank of America‘s price objective points to a potential upside of 17.45% from the stock’s previous close.

UL Solutions Price Performance

Shares of ULS opened at $35.76 on Tuesday. UL Solutions has a 1-year low of $33.15 and a 1-year high of $36.92.

Insider Activity at UL Solutions

In other news, CEO Jennifer F. Scanlon purchased 89,285 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were bought at an average cost of $28.00 per share, for a total transaction of $2,499,980.00. Following the completion of the purchase, the chief executive officer now directly owns 89,285 shares of the company’s stock, valued at $2,499,980. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other UL Solutions news, CAO Karen K. Pepping bought 3,571 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were purchased at an average cost of $28.00 per share, with a total value of $99,988.00. Following the purchase, the chief accounting officer now directly owns 3,571 shares in the company, valued at $99,988. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer F. Scanlon purchased 89,285 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, with a total value of $2,499,980.00. Following the transaction, the chief executive officer now directly owns 89,285 shares in the company, valued at $2,499,980. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 199,997 shares of company stock worth $5,599,916.

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.