UL Solutions Inc. (NYSE:ULS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of UL Solutions Inc. (NYSE:ULS) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $51.45.

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

UL Solutions Price Performance

ULS stock opened at $53.42 on Tuesday. UL Solutions has a 1 year low of $33.15 and a 1 year high of $59.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The business has a 50 day simple moving average of $53.32 and a 200-day simple moving average of $51.89. The firm has a market capitalization of $10.69 billion and a PE ratio of 32.97.

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

UL Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a dividend yield of 0.97%. UL Solutions’s dividend payout ratio (DPR) is currently 32.10%.

Insider Transactions at UL Solutions

In related news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $53.00, for a total value of $102,714.00. Following the sale, the executive vice president now directly owns 9,285 shares in the company, valued at $492,105. The trade was a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On UL Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Stone House Investment Management LLC acquired a new stake in shares of UL Solutions during the 3rd quarter valued at approximately $25,000. Quarry LP acquired a new position in UL Solutions during the fourth quarter worth $32,000. PNC Financial Services Group Inc. raised its stake in shares of UL Solutions by 653.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock worth $33,000 after buying an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of UL Solutions in the third quarter valued at approximately $84,000. Finally, KBC Group NV acquired a new position in shares of UL Solutions during the 4th quarter worth 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.