UL Solutions Inc.’s Quiet Period Will End Tomorrow (NYSE:ULS)

UL Solutions’ (NYSE:ULS) quiet period is set to end on Wednesday, May 22nd. UL Solutions had issued 33,800,000 shares in its public offering on April 12th. The total size of the offering was $946,400,000 based on an initial share price of $28.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

ULS has been the subject of several recent research reports. Robert W. Baird initiated coverage on shares of UL Solutions in a report on Tuesday, May 7th. They set an “outperform” rating and a $40.00 target price for the company. Citigroup initiated coverage on shares of UL Solutions in a report on Tuesday, May 7th. They set a “buy” rating and a $41.00 target price for the company. UBS Group initiated coverage on shares of UL Solutions in a report on Tuesday, May 7th. They set a “neutral” rating and a $38.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of UL Solutions in a report on Tuesday, May 7th. They set a “neutral” rating and a $39.00 target price for the company. Finally, Bank of America initiated coverage on shares of UL Solutions in a research note on Tuesday, May 7th. They issued a “buy” rating and a $42.00 price target on the stock. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.30.

UL Solutions Stock Performance

Shares of ULS opened at $38.00 on Tuesday. UL Solutions has a 52-week low of $33.15 and a 52-week high of $38.46.

Insiders Place Their Bets

In related news, CAO Karen K. Pepping purchased 3,571 shares of UL Solutions stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average price of $28.00 per share, for a total transaction of $99,988.00. Following the acquisition, the chief accounting officer now directly owns 3,571 shares in the company, valued at $99,988. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Linda S. Chapin purchased 1,785 shares of UL Solutions stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average price of $28.00 per share, for a total transaction of $49,980.00. Following the acquisition, the executive vice president now directly owns 1,785 shares in the company, valued at $49,980. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CAO Karen K. Pepping purchased 3,571 shares of UL Solutions stock in a transaction dated Tuesday, April 16th. The shares were bought at an average price of $28.00 per share, for a total transaction of $99,988.00. Following the acquisition, the chief accounting officer now owns 3,571 shares in the company, valued at $99,988. The disclosure for this purchase can be found here. Insiders have acquired a total of 199,997 shares of company stock valued at $5,599,916 in the last 90 days.

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.