UL Solutions Inc. (NYSE:ULS) Receives $50.80 Average Price Target from Analysts

Shares of UL Solutions Inc. (NYSE:ULS) have received a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $51.40.

ULS has been the topic of several recent analyst reports. UBS Group boosted their price objective on shares of UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Robert W. Baird boosted their price objective on shares of UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Wells Fargo & Company boosted their price objective on shares of UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their price objective on shares of UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, 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 note on Friday.

UL Solutions Stock Down 1.8 %

Shares of ULS stock opened at $53.05 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions has a 1 year low of $33.15 and a 1 year high of $59.23. The firm’s fifty day moving average price is $52.39 and its two-hundred day moving average price is $51.96. The firm has a market capitalization of $10.62 billion and a P/E ratio of 32.74.

UL Solutions (NYSE:ULS) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (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 firm had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million. On average, equities analysts predict that UL Solutions will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 28th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 0.98%. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s payout ratio is currently 30.86%.

Insiders Place Their Bets

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the transaction, the insider now owns 69,191 shares in the company, valued at $3,638,062.78. This represents a 7.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of UL Solutions during the 3rd quarter worth approximately $2,086,000. Victory Capital Management Inc. grew its position in shares of UL Solutions by 377.1% during the 3rd quarter. Victory Capital Management Inc. now owns 23,540 shares of the company’s stock worth $1,161,000 after purchasing an additional 18,606 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of UL Solutions during the 3rd quarter worth approximately $9,615,000. Renaissance Capital LLC boosted its position in shares of UL Solutions by 108.5% during the 4th quarter. Renaissance Capital LLC now owns 87,609 shares of the company’s stock worth $4,370,000 after acquiring an additional 45,595 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of UL Solutions by 29.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock worth $222,658,000 after acquiring an additional 1,022,851 shares in the last quarter.

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.