UL Solutions (NYSE:ULS – Get Free Report) had its target price reduced by research analysts at Citigroup from $82.80 to $81.40 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup‘s price target points to a potential upside of 2.10% from the stock’s current price.
A number of other research firms have also issued reports on ULS. The Goldman Sachs Group set a $86.00 target price on UL Solutions in a research note on Wednesday, August 5th. Wells Fargo & Company increased their target price on shares of UL Solutions from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wall Street Zen cut UL Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. UBS Group lifted their price target on shares of UL Solutions from $96.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Finally, Weiss Ratings lowered UL Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, September 21st. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, UL Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.84.
Check Out Our Latest Research Report on ULS
UL Solutions Stock Performance
Shares of ULS stock traded down $0.67 during trading hours on Wednesday, hitting $79.73. The stock had a trading volume of 1,406,013 shares, compared to its average volume of 941,828. The stock’s 50 day moving average is $70.82 and its 200 day moving average is $82.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $16.10 billion, a PE ratio of 32.28, a PEG ratio of 3.11 and a beta of 0.62. UL Solutions has a twelve month low of $63.17 and a twelve month high of $107.54.
UL Solutions (NYSE:ULS – Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. The company had revenue of $823.00 million during the quarter, compared to analysts’ expectations of $815.72 million. UL Solutions had a net margin of 16.02% and a return on equity of 28.81%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $0.56 EPS. As a group, research analysts forecast that UL Solutions will post 2.09 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Jennifer Scanlon sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $70.08, for a total value of $876,000.00. Following the sale, the chief executive officer directly owned 126,724 shares in the company, valued at $8,880,817.92. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On UL Solutions
Several large investors have recently made changes to their positions in ULS. Bessemer Group Inc. boosted its stake in shares of UL Solutions by 2.0% during the 1st quarter. Bessemer Group Inc. now owns 2,265,772 shares of the company’s stock valued at $194,199,000 after buying an additional 44,103 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in UL Solutions by 12.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,744,523 shares of the company’s stock worth $147,534,000 after acquiring an additional 193,610 shares during the period. International Assets Investment Management LLC lifted its position in shares of UL Solutions by 40,069.7% during the 3rd quarter. International Assets Investment Management LLC now owns 1,610,000 shares of the company’s stock worth $105,648,000 after purchasing an additional 1,605,992 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of UL Solutions by 24.1% during the third quarter. Pictet Asset Management Holding SA now owns 1,136,171 shares of the company’s stock worth $74,536,000 after buying an additional 220,700 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC boosted its holdings in UL Solutions by 3.8% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 608,136 shares of the company’s stock valued at $61,945,000 after purchasing an additional 22,028 shares during the period.
UL Solutions News Roundup
Here are the key news stories impacting UL Solutions this week:
- Positive Sentiment: UL Solutions reported Q3 revenue of $823 million, up 5.1% year over year and above analysts’ $815.7 million estimate. EPS was $0.62, in line with the reported consensus, and above $0.56 a year earlier. Coverage also highlighted raised guidance, record margins, and growth in certification services. Why is UL Solutions stock moving
- Positive Sentiment: Wells Fargo raised its price target to $105 from $104 and reiterated an Overweight rating, signaling continued analyst confidence. Wells Fargo recommendations
- Neutral Sentiment: Strategic investments and a forthcoming major deal were cited as potential growth drivers, though the deal’s impact will depend on execution and details. UL Solutions Q3 earnings coverage
- Negative Sentiment: One valuation analysis argues ULS may be about 13% above fair value after its strong results, raising the risk that the stock’s recent gains have priced in much of the good news. UL Solutions valuation analysis
About UL Solutions
UL Solutions Inc (NYSE: ULS) is a global applied safety science company that provides testing, inspection, certification, and advisory services. The company helps manufacturers, retailers, regulators, and other organizations evaluate the safety, security, performance, quality, and sustainability of products, facilities, and systems.
Its services cover a broad range of industries, including consumer products, industrial equipment, energy, mobility, information technology, and the built environment.
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