UL Solutions (ULS)

• Market cap: $12.7B
• 1 day: 0.91%
• 5 days: -6.02%
• 1 month: -9.75%
• 3 months: -12.71%
• 6 months: 18.31%
• Year to date: 27.29%
• 1 year: 14.89%
• 5 years: 80.88%
• 10 years: 80.88%
• 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)

277% more first-time investments, than exits

New positions opened: 83 | Existing positions closed: 22

32% more capital invested

Capital invested by funds: $3.63B [Q1] → $4.81B (+$1.18B) [Q2]

28% more funds holding

Funds holding: 186 [Q1] → 239 (+53) [Q2]

1.97% more ownership

Funds ownership: 103.9% [Q1] → 105.87% (+1.97%) [Q2]

1% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 69

67% less funds holding in top 10

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

71% less call options, than puts

Call options by funds: $20.6M | Put options by funds: $71M

Research analyst outlook

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

• Low target: $70 11% upside
• Avg. target: $70 11% upside
• High target: $70 11% upside

2 analyst ratings

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

JP Morgan Andrew Steinerman	11% upside $70	Overweight Maintained	6 Aug 2025
UBS Joshua Chan	11% upside $70	Neutral Maintained	6 Aug 2025