Analysts Set Universal Technical Institute, Inc. (NYSE:UTI) PT at $22.20

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have been assigned an average recommendation of “Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $22.20.

Several equities analysts recently issued reports on UTI shares. Barrington Research reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Universal Technical Institute in a report on Friday. B. Riley lifted their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, September 11th. Finally, Truist Financial started coverage on Universal Technical Institute in a report on Thursday, July 25th. They set a “buy” rating and a $22.00 price objective on the stock.

Insiders Place Their Bets

In other news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total value of $1,192,040.00. Following the sale, the chief executive officer now directly owns 136,443 shares in the company, valued at $2,391,845.79. This trade represents a 33.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Institutional investors and hedge funds have recently bought and sold shares of the company. Covestor Ltd grew its position in shares of Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after buying an additional 1,564 shares during the period. RiverPark Advisors LLC bought a new stake in shares of Universal Technical Institute during the 2nd quarter valued at about $43,000. Quarry LP boosted its position in shares of Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after acquiring an additional 3,056 shares during the last quarter. International Assets Investment Management LLC lifted its position in Universal Technical Institute by 1,526.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after buying an additional 3,815 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Universal Technical Institute by 95,120.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after buying an additional 9,512 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Up 0.4 %

UTI stock opened at $19.61 on Tuesday. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a fifty day moving average price of $16.85 and a 200 day moving average price of $16.48. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. Universal Technical Institute has a 12 month low of $9.98 and a 12 month high of $20.73.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.