UL Solutions Inc. (NYSE:ULS) Given Average Recommendation of “Moderate Buy” by Brokerages

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

ULS has been the subject of a number of research reports. 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 report on Friday, February 21st. Citigroup upped their price objective on UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, 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.

UL Solutions Stock Performance

NYSE ULS opened at $53.72 on Tuesday. The company has a fifty day moving average of $53.40 and a two-hundred day moving average of $51.91. The company has a market capitalization of $10.75 billion and a PE ratio of 33.16. 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.

UL Solutions (NYSE:ULS) last announced its 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 firm had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $726.54 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. As a group, analysts expect that UL Solutions will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

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

Insider Buying and Selling

In other news, EVP Alberto Uggetti sold 1,938 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 9,285 shares in the company, valued at $492,105. This trade represents a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On UL Solutions

A number of large investors have recently added to or reduced their stakes in ULS. Wellington Management Group LLP acquired a new position in UL Solutions during the fourth quarter worth about $32,091,000. California State Teachers Retirement System raised its position in shares of UL Solutions by 3.8% during the 4th quarter. California State Teachers Retirement System now owns 53,334 shares of the company’s stock worth $2,660,000 after purchasing an additional 1,939 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in UL Solutions in the 4th quarter valued at approximately $661,000. Connecticut Wealth Management LLC purchased a new stake in UL Solutions in the 4th quarter valued at approximately $509,000. Finally, Repertoire Partners LP acquired a new stake in UL Solutions during the 4th quarter valued at $2,275,000.

UL Solutions Company Profile

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.