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

UL Solutions Inc. (NYSE:ULS) has earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $67.93.

ULS has been the subject of a number of recent analyst reports. UBS Group upped their price objective on UL Solutions from $58.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Robert W. Baird increased their price target on shares of UL Solutions from $60.00 to $73.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. The Goldman Sachs Group raised their price objective on shares of UL Solutions from $57.00 to $63.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lifted 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, Raymond James increased their target price on shares of UL Solutions from $60.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th.

Insider Activity

In related news, EVP Alberto Uggetti sold 1,938 shares of the company’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 sale, the executive vice president now owns 9,285 shares of the company’s stock, valued at approximately $492,105. This represents a 17.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gitte Schjotz sold 7,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total transaction of $472,080.00. Following the completion of the sale, the insider now owns 46,889 shares in the company, valued at $3,162,194.16. This represents a 12.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,899 shares of company stock worth $712,064. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UL Solutions

Large investors have recently added to or reduced their stakes in the business. Elequin Capital LP purchased a new stake in shares of UL Solutions during the 1st quarter valued at $31,000. Quarry LP bought a new stake in UL Solutions during the 4th quarter valued at $32,000. PNC Financial Services Group Inc. boosted its holdings in shares of UL Solutions by 653.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock worth $33,000 after purchasing an additional 582 shares during the period. Rhumbline Advisers bought a new stake in shares of UL Solutions in the 1st quarter worth approximately $49,000. Finally, Northwest & Ethical Investments L.P. increased 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 valued at $105,000 after purchasing an additional 400 shares during the period.

UL Solutions Price Performance

ULS stock opened at $70.93 on Wednesday. The company has a market capitalization of $14.20 billion and a P/E ratio of 43.78. The business has a 50-day simple moving average of $56.47 and a two-hundred day simple moving average of $53.80. UL Solutions has a 52-week low of $36.51 and a 52-week high of $71.95. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31.

UL Solutions (NYSE:ULS) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $705.00 million for the quarter, compared to analyst estimates of $704.19 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The firm’s revenue was up 5.2% compared to the same quarter last year. Research analysts expect that UL Solutions will post 1.69 EPS for the current fiscal year.

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.