UL Solutions (NYSE:ULS) Now Covered by Robert W. Baird

Equities researchers at Robert W. Baird initiated coverage on shares of UL Solutions (NYSE:ULS) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $40.00 price target on the stock. Robert W. Baird’s price objective would indicate a potential upside of 11.86% from the stock’s current price.

Several other research firms have also recently issued reports on ULS. Citigroup initiated coverage on shares of UL Solutions in a research report on Tuesday. They issued a “buy” rating and a $41.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of UL Solutions in a report on Tuesday. They issued an “overweight” rating and a $39.00 price target for the company. Stifel Nicolaus began coverage on shares of UL Solutions in a report on Tuesday. They issued a “buy” rating and a $40.00 price target for the company. Wells Fargo & Company began coverage on shares of UL Solutions in a research note on Tuesday. They set an “overweight” rating and a $40.00 price objective for the company. Finally, Bank of America began coverage on shares of UL Solutions in a research note on Tuesday. They set a “buy” rating and a $42.00 price objective for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.30.

UL Solutions Price Performance

ULS stock opened at $35.76 on Tuesday. UL Solutions has a 12 month low of $33.15 and a 12 month high of $36.92.

Insider Buying and Selling at UL Solutions

In other UL Solutions news, insider Weifang Zhou bought 26,786 shares of UL Solutions stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, for a total transaction of $750,008.00. Following the completion of the transaction, the insider now directly owns 26,786 shares of the company’s stock, valued at $750,008. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other UL Solutions news, insider Weifang Zhou acquired 26,786 shares of the stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average price of $28.00 per share, with a total value of $750,008.00. Following the completion of the purchase, the insider now owns 26,786 shares in the company, valued at approximately $750,008. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James M. Shannon acquired 7,142 shares of the stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, with a total value of $199,976.00. Following the purchase, the director now owns 7,142 shares of the company’s stock, valued at approximately $199,976. The disclosure for this purchase can be found here. Insiders have purchased a total of 199,997 shares of company stock valued at $5,599,916 over the last ninety 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.