UL Solutions (NYSE:ULS) Price Target Raised to $54.00

by · The Cerbat Gem

UL Solutions (NYSE:ULS – Free Report) had its target price upped by UBS Group from $52.00 to $54.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also weighed in on the company. The Goldman Sachs Group raised their target price on UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company raised their price target on UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday. Citigroup assumed coverage on UL Solutions in a report on Monday, October 7th. They issued a “buy” rating and a $60.00 price target on the stock. Baird R W cut UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Robert W. Baird raised their price target on UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

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UL Solutions Price Performance

UL Solutions stock opened at $51.36 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average price of $50.99 and a two-hundred day moving average price of $45.96. UL Solutions has a 52-week low of $33.15 and a 52-week high of $59.23.

UL Solutions (NYSE:ULS – Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The company had revenue of $731.00 million during the quarter, compared to analyst estimates of $709.41 million. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts anticipate that UL Solutions will post 1.48 earnings per share for the current year.

UL Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 30th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 0.97%.

Insider Transactions at UL Solutions

In other news, major shareholder Ulse Inc. sold 3,000,000 shares of UL Solutions stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $49.00, for a total transaction of $147,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of UL Solutions

A number of institutional investors have recently modified their holdings of ULS. Drive Wealth Management LLC acquired a new position in UL Solutions in the 3rd quarter worth about $296,000. Swiss National Bank acquired a new position in UL Solutions in the 3rd quarter worth about $5,576,000. Victory Capital Management Inc. increased its holdings in UL Solutions by 377.1% in 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 UL Solutions in the 3rd quarter worth about $9,615,000. Finally, WoodTrust Financial Corp acquired a new position in UL Solutions in the 3rd quarter worth about $228,000.

UL Solutions Company Profile

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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.

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