UL Solutions Inc. (NYSE:ULS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of UL Solutions Inc. (NYSE:ULS) have been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $101.54.

A number of research analysts have issued reports on the company. Wall Street Zen raised UL Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. The Goldman Sachs Group reissued a “neutral” rating on shares of UL Solutions in a report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price objective on shares of UL Solutions from $88.00 to $108.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Raymond James Financial reissued an “outperform” rating and set a $115.00 target price on shares of UL Solutions in a research note on Wednesday, May 6th. Finally, BNP Paribas Exane began coverage on UL Solutions in a research note on Monday, April 20th. They issued a “neutral” rating and a $95.00 price target for the company.

UL Solutions Price Performance

NYSE:ULS opened at $87.26 on Monday. The firm’s fifty day moving average is $97.04 and its two-hundred day moving average is $86.47. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 51.03, a PEG ratio of 3.40 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16. UL Solutions has a one year low of $61.64 and a one year high of $107.54.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The business had revenue of $758.00 million during the quarter, compared to analysts’ expectations of $748.50 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts expect that UL Solutions will post 2.1 EPS for the current year.

UL Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were given a $0.145 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.7%. UL Solutions’s payout ratio is 33.92%.

Insider Buying and Selling at UL Solutions

In other news, CAO Karen K. Pepping sold 725 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $97.74, for a total transaction of $70,861.50. Following the transaction, the chief accounting officer owned 8,082 shares in the company, valued at $789,934.68. This trade represents a 8.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Friedrich Hecker sold 4,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $102.04, for a total transaction of $408,160.00. Following the completion of the sale, the director directly owned 13,180 shares of the company’s stock, valued at approximately $1,344,887.20. The trade was a 23.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 65,705 shares of company stock worth $6,460,300. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On UL Solutions

Several institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its position in shares of UL Solutions by 349.3% in the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock valued at $26,000 after acquiring an additional 234 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in UL Solutions by 3,070.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock valued at $46,000 after purchasing an additional 614 shares during the last quarter. Rhumbline Advisers purchased a new position in UL Solutions in the 1st quarter valued at $49,000. CIBC Private Wealth Group LLC boosted its stake in UL Solutions by 112.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 904 shares of the company’s stock worth $71,000 after purchasing an additional 479 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of UL Solutions by 42.4% during the second quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock worth $84,000 after buying an additional 245 shares in the last quarter.

About UL Solutions

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.