UL Solutions
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 Q1 regulatory disclosures by fund managers ($100M+ AUM)
69% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 45
9% more capital invested
Capital invested by funds: $3.33B [Q4 2024] → $3.63B (+$304M) [Q1 2025]
2% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 42
1% less funds holding
Funds holding: 186 [Q4 2024] → 185 (-1) [Q1 2025]
3.75% less ownership
Funds ownership: 107.61% [Q4 2024] → 103.87% (-3.75%) [Q1 2025]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q4 2024] → 3 (-1) [Q1 2025]
66% less call options, than puts
Call options by funds: $6.19M | Put options by funds: $18.3M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Citigroup Arthur Truslove | 0%upside $71 | Neutral Downgraded | 14 May 2025 |
Baird Andrew Wittmann | 3%upside $73 | Neutral Maintained | 7 May 2025 |
Goldman Sachs George Tong | 11%downside $63 | Neutral Maintained | 7 May 2025 |
Raymond James Brian Gesuale | 2%upside $72 | Outperform Maintained | 7 May 2025 |
UBS Joshua Chan | 2%upside $72 | Neutral Maintained | 7 May 2025 |
Financial journalist opinion
Based on 4 articles about ULS published over the past 30 days









