UL Solutions (NYSE:ULS) Now Covered by Analysts at Bank of America

Equities researchers at Bank of America began coverage on shares of UL Solutions (NYSE:ULS) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $42.00 price target on the stock. Bank of America‘s price objective would suggest a potential upside of 17.45% from the company’s previous close.

UL Solutions Stock Performance

Shares of ULS opened at $35.76 on Tuesday. UL Solutions has a 1 year low of $33.15 and a 1 year high of $36.92.

Insider Buying and Selling

In related news, CEO Jennifer F. Scanlon bought 89,285 shares of the stock in a transaction on Tuesday, April 16th. The shares were purchased at an average price of $28.00 per share, with a total value of $2,499,980.00. Following the purchase, the chief executive officer now owns 89,285 shares in the company, valued at $2,499,980. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Karen K. Pepping purchased 3,571 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were bought at an average cost of $28.00 per share, for a total transaction of $99,988.00. Following the transaction, the chief accounting officer now owns 3,571 shares of the company’s stock, valued at $99,988. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer F. Scanlon purchased 89,285 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were bought at an average price of $28.00 per share, for a total transaction of $2,499,980.00. Following the completion of the transaction, the chief executive officer now directly owns 89,285 shares in the company, valued at approximately $2,499,980. The disclosure for this purchase can be found here. Insiders purchased 199,997 shares of company stock valued at $5,599,916 over the last 90 days.

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.