UL Solutions (NYSE:ULS) Hits New 12-Month High – Should You Buy?

UL Solutions Inc. (NYSE:ULS)’s stock price reached a new 52-week high on Friday . The company traded as high as $72.17 and last traded at $71.85, with a volume of 39172 shares changing hands. The stock had previously closed at $71.05.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ULS shares. Raymond James lifted their price objective on shares of UL Solutions from $60.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. The Goldman Sachs Group lifted their price objective on shares of UL Solutions from $57.00 to $63.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. UBS Group lifted their price objective on shares of UL Solutions from $58.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Robert W. Baird lifted their price objective on shares of UL Solutions from $60.00 to $73.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, UL Solutions currently has a consensus rating of “Hold” and an average target price of $69.43.

UL Solutions Trading Up 2.3%

The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $58.04 and a 200 day simple moving average of $54.31. The company has a market cap of $14.55 billion and a price-to-earnings ratio of 44.86.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, May 6th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $705.00 million during the quarter, compared to the consensus estimate of $704.19 million. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

Insider Buying and Selling at UL Solutions

In other news, EVP Alberto Uggetti sold 1,961 shares of UL Solutions stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $70.00, for a total transaction of $137,270.00. Following the completion of the transaction, the executive vice president now owns 9,285 shares of the company’s stock, valued at $649,950. The trade was a 17.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gitte Schjotz sold 7,000 shares of UL Solutions stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total value of $472,080.00. Following the transaction, the insider now directly owns 46,889 shares of the company’s stock, valued at $3,162,194.16. This trade represents a 12.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,899 shares of company stock valued at $712,064. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Elequin Capital LP acquired a new position in shares of UL Solutions during the 1st quarter worth $31,000. Quarry LP acquired a new position in UL Solutions in the 4th quarter valued at about $32,000. PNC Financial Services Group Inc. raised its stake in UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock valued at $33,000 after purchasing an additional 582 shares during the last quarter. Rhumbline Advisers acquired a new position in UL Solutions in the 1st quarter valued at about $49,000. Finally, Northwest & Ethical Investments L.P. raised its stake in UL Solutions by 23.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock valued at $105,000 after purchasing an additional 400 shares during the last quarter.

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.