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

UL Solutions Inc. (NYSE:ULS) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $51.45.

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

UL Solutions Stock Up 2.6 %

Shares of NYSE:ULS opened at $56.31 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The firm has a market cap of $11.27 billion and a P/E ratio of 34.76. UL Solutions has a 12 month low of $33.15 and a 12 month high of $59.23. The company’s 50-day moving average price is $54.14 and its two-hundred day moving average price is $52.58.

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

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were paid a dividend of $0.13 per share. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 0.92%. UL Solutions’s dividend payout ratio (DPR) is presently 32.10%.

Insider Buying and Selling at UL Solutions

In other news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $53.00, for a total transaction of $102,714.00. Following the transaction, the executive vice president now owns 9,285 shares in the company, valued at $492,105. The trade was a 17.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Trading of UL Solutions

A number of large investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of UL Solutions in the 4th quarter valued at about $32,000. PNC Financial Services Group Inc. raised its position in 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 buying an additional 582 shares during the last quarter. Rhumbline Advisers bought a new stake in UL Solutions in the 1st quarter valued at approximately $49,000. Northwest & Ethical Investments L.P. boosted its position in UL Solutions by 23.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock worth $105,000 after acquiring an additional 400 shares during the last quarter. Finally, KBC Group NV bought 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.