Zacks Research Downgrades UL Solutions (NYSE:ULS) to Hold

UL Solutions (NYSE:ULS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Robert W. Baird set a $97.00 target price on shares of UL Solutions and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. The Goldman Sachs Group raised their price target on shares of UL Solutions from $69.00 to $79.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Wells Fargo & Company upped their price objective on shares of UL Solutions from $77.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. UBS Group decreased their target price on UL Solutions from $96.00 to $85.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of UL Solutions in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.57.

UL Solutions Trading Down 1.5%

Shares of NYSE:ULS opened at $70.11 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.33 and a current ratio of 1.33. The stock’s 50-day moving average is $79.28 and its 200-day moving average is $74.90. The company has a market cap of $14.08 billion, a P/E ratio of 41.98 and a beta of 1.09. UL Solutions has a 52-week low of $49.34 and a 52-week high of $91.95.

UL Solutions (NYSE:ULS) last announced its earnings results on Tuesday, November 4th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.09. The firm had revenue of $783.00 million during the quarter, compared to the consensus estimate of $769.01 million. UL Solutions had a return on equity of 34.49% and a net margin of 11.29%.The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. Equities research analysts predict that UL Solutions will post 1.69 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ULS. Parkside Financial Bank & Trust grew its holdings in shares of UL Solutions by 48.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock worth $38,000 after purchasing an additional 171 shares during the last quarter. Assetmark Inc. bought a new position in UL Solutions during the 3rd quarter valued at about $40,000. Northwestern Mutual Wealth Management Co. boosted its position in UL Solutions by 3,070.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock valued at $46,000 after buying an additional 614 shares in the last quarter. Rhumbline Advisers bought a new stake in UL Solutions during the first quarter worth about $49,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of UL Solutions by 28.2% during the second quarter. PNC Financial Services Group Inc. now owns 731 shares of the company’s stock worth $53,000 after buying an additional 161 shares in the last quarter.

UL Solutions Company Profile

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.