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

Shares of UL Solutions Inc. (NYSE:ULS) have received a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $87.60.

Several brokerages recently issued reports on ULS. Weiss Ratings downgraded UL Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. JPMorgan Chase & Co. upped their price objective on UL Solutions from $84.00 to $88.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Citigroup dropped their target price on UL Solutions from $88.10 to $87.80 and set a “neutral” rating on the stock in a research report on Tuesday, February 24th. Wells Fargo & Company boosted their price target on shares of UL Solutions from $97.00 to $102.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Finally, Zacks Research lowered shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th.

UL Solutions Price Performance

Shares of NYSE:ULS opened at $84.07 on Friday. The company has a market cap of $16.90 billion, a PE ratio of 52.88, a P/E/G ratio of 3.44 and a beta of 0.87. UL Solutions has a fifty-two week low of $49.93 and a fifty-two week high of $91.95. The firm has a 50-day simple moving average of $77.86 and a 200 day simple moving average of $78.19. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38.

UL Solutions (NYSE:ULS) last issued its earnings results on Thursday, February 19th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $782.37 million. UL Solutions had a return on equity of 31.62% and a net margin of 10.61%.UL Solutions’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, sell-side analysts anticipate that UL Solutions will post 1.69 EPS for the current year.

UL Solutions Increases Dividend

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

Institutional Investors Weigh In On UL Solutions

Large investors have recently made changes to their positions in the company. TD Private Client Wealth LLC acquired a new stake in UL Solutions in the 3rd quarter valued at approximately $1,681,000. Envestnet Asset Management Inc. raised its stake in UL Solutions by 405.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 593,484 shares of the company’s stock valued at $42,054,000 after acquiring an additional 476,121 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in UL Solutions during the 3rd quarter worth $97,803,000. Voya Investment Management LLC acquired a new position in UL Solutions during the 3rd quarter worth $24,627,000. Finally, Rakuten Investment Management Inc. bought a new position in shares of UL Solutions in the third quarter worth $1,436,000.

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.