UL Solutions Inc. (NYSE:ULS – Get Free Report) shares were down 8.1% during trading on Monday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock traded as low as $91.90 and last traded at $89.1380. 395,474 shares were traded during trading, a decline of 58% from the average session volume of 941,357 shares. The stock had previously closed at $96.99.
Several other equities analysts have also recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating and issued a $115.00 price objective on shares of UL Solutions in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. The Goldman Sachs Group reiterated a “neutral” rating on shares of UL Solutions in a research note on Wednesday, May 6th. Telsey Advisory Group set a $100.00 price target on shares of UL Solutions in a report on Wednesday, May 6th. Finally, Wells Fargo & Company increased their price objective on shares of UL Solutions from $102.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, UL Solutions presently has an average rating of “Hold” and an average price target of $101.54.
Get Our Latest Stock Analysis on ULS
Insider Activity
Institutional Trading of UL Solutions
Several institutional investors and hedge funds have recently bought and sold shares of ULS. Allspring Global Investments Holdings LLC grew its holdings in shares of UL Solutions by 12.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,550,913 shares of the company’s stock worth $125,484,000 after buying an additional 167,564 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in UL Solutions by 543.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 192,915 shares of the company’s stock valued at $15,213,000 after acquiring an additional 162,915 shares during the last quarter. Legal & General Group Plc lifted its position in UL Solutions by 78.6% during the 4th quarter. Legal & General Group Plc now owns 103,331 shares of the company’s stock worth $8,149,000 after acquiring an additional 45,467 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of UL Solutions by 9,024.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 337,881 shares of the company’s stock valued at $26,645,000 after purchasing an additional 334,178 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new position in shares of UL Solutions in the 4th quarter valued at approximately $2,484,000.
UL Solutions Stock Performance
The firm has a market cap of $17.60 billion, a price-to-earnings ratio of 51.05, a price-to-earnings-growth ratio of 3.47 and a beta of 0.63. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $97.14 and a 200-day moving average price of $86.29.
UL Solutions (NYSE:ULS – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The firm had revenue of $758.00 million during the quarter, compared to the consensus estimate of $748.50 million. During the same period last year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts expect that UL Solutions Inc. will post 2.1 earnings per share for the current fiscal year.
UL Solutions Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, May 29th. UL Solutions’s payout ratio is 33.92%.
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.
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