UL Solutions (ULS)

• Market cap: $10.4B
• 1 day: 0.04%
• 5 days: 5.20%
• 1 month: 1.98%
• 3 months: -3.40%
• 6 months: 16.51%
• Year to date: 4.63%
• 1 year: 48.68%
• 5 years: 48.68%
• 10 years: 48.68%
• Sector: Industrials
• Industry: Testing Laboratories

About: UL Solutions is a global leader specializing in a broad range of product testing, inspection, and certification services. UL Solutions is the for-profit branch out of three organizations under the UL Enterprise. TIC operations make up nearly all of UL Solutions' total revenue and are composed of two segments: industrial and consumer. UL Solutions' remaining business includes software and advisory, which complements its core TIC offerings. The firm operates globally.

Employees: 15,233

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

841% more call options, than puts

Call options by funds: $24.8M | Put options by funds: $2.64M

248% more first-time investments, than exits

New positions opened: 73 | Existing positions closed: 21

144% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 27

63% more capital invested

Capital invested by funds: $2B [Q2] → $3.26B (+$1.26B) [Q3]

47.98% more ownership

Funds ownership: 122.3% [Q2] → 170.28% (+47.98%) [Q3]

39% more funds holding

Funds holding: 128 [Q2] → 178 (+50) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $51 2% downside
• Avg. target: $56 8% upside
• High target: $62 19% upside

4 analyst ratings

• positive: 1 25%
• neutral: 3 75%
• negative: 0 0%

UBS Joshua Chan 86% 1-year accuracy 12 / 14 met price target	4% upside $54	Neutral Maintained	6 Nov 2024
Goldman Sachs George Tong 34% 1-year accuracy 10 / 29 met price target	2% downside $51	Neutral Maintained	6 Nov 2024
Wells Fargo Jason Haas 37% 1-year accuracy 13 / 35 met price target	19% upside $62	Overweight Maintained	6 Nov 2024
Baird Andrew Wittmann 81% 1-year accuracy 25 / 31 met price target	10% upside $57	Neutral Maintained	6 Nov 2024