UL Solutions Inc. (NYSE:ULS) Given Average Rating of “Hold” by Analysts

Shares of UL Solutions Inc. (NYSE:ULS) have received an average rating of “Hold” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $87.60.

A number of equities analysts have commented on the company. Bank of America increased their target price on UL Solutions to $86.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. increased their price objective on UL Solutions from $84.00 to $88.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Robert W. Baird lowered their target price on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Wells Fargo & Company increased their target price on shares of UL Solutions from $97.00 to $102.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Finally, UBS Group boosted their price target on shares of UL Solutions from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th.

Institutional Investors Weigh In On UL Solutions

A number of large investors have recently made changes to their positions in the stock. Capital International Investors lifted its position in UL Solutions by 6.6% during the fourth quarter. Capital International Investors now owns 8,043,735 shares of the company’s stock worth $634,616,000 after buying an additional 495,424 shares in the last quarter. Vanguard Group Inc. boosted its stake in UL Solutions by 21.9% during the fourth quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company’s stock worth $531,567,000 after buying an additional 1,213,188 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in UL Solutions by 10.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,878,995 shares of the company’s stock valued at $463,618,000 after buying an additional 545,528 shares in the last quarter. Capital Research Global Investors grew its holdings in UL Solutions by 20.6% in the 3rd quarter. Capital Research Global Investors now owns 3,942,905 shares of the company’s stock valued at $279,394,000 after buying an additional 674,088 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of UL Solutions by 1.8% in the 4th quarter. Janus Henderson Group PLC now owns 3,024,820 shares of the company’s stock worth $238,538,000 after acquiring an additional 54,910 shares during the last quarter.

UL Solutions Price Performance

Shares of NYSE ULS opened at $82.33 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $16.55 billion, a PE ratio of 51.78, a PEG ratio of 3.33 and a beta of 0.85. UL Solutions has a one year low of $49.34 and a one year high of $91.95. The firm has a fifty day moving average of $76.82 and a 200 day moving average of $76.33.

UL Solutions (NYSE:ULS) last released its earnings results on Thursday, February 19th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $782.37 million. UL Solutions had a net margin of 10.61% and a return on equity of 31.62%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. As a group, research analysts predict that UL Solutions will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd will be paid a $0.145 dividend. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.58 dividend on an annualized basis and a yield of 0.7%. UL Solutions’s dividend payout ratio is 36.48%.

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.