UL Solutions (ULS)

• Market cap: $13.7B
• 1 day: 1.05%
• 5 days: 0.01%
• 1 month: 2.01%
• 3 months: -3.82%
• 6 months: 28.24%
• Year to date: 37.3%
• 1 year: 38.05%
• 5 years: 95.11%
• 10 years: 95.11%
• Sector: Industrials
• Industry: Specialty Business Services

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: 15,094

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

286% more first-time investments, than exits

New positions opened: 85 | Existing positions closed: 22

34% more capital invested

Capital invested by funds: $3.63B [Q1] → $4.88B (+$1.25B) [Q2]

32% more funds holding

Funds holding: 186 [Q1] → 245 (+59) [Q2]

3.67% more ownership

Funds ownership: 103.9% [Q1] → 107.57% (+3.67%) [Q2]

4% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 69

62% less call options, than puts

Call options by funds: $27.2M | Put options by funds: $71.8M

67% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]

Research analyst outlook

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

• Low target: $70
• Avg. target: $70
• High target: $70

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

JP Morgan Andrew Steinerman	$70	Overweight Maintained	6 Aug 2025
UBS Joshua Chan	$70	Neutral Maintained	6 Aug 2025