Universal Technical Institute’s (UTI) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research restated their outperform rating on shares of Universal Technical Institute (NYSE:UTI) in a research note published on Friday,Benzinga reports. The brokerage currently has a $22.00 price target on the stock.

Other analysts also recently issued reports about the company. B. Riley lifted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial assumed coverage on shares of Universal Technical Institute in a report on Thursday, July 25th. They issued a “buy” rating and a $22.00 price target for the company. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Rosenblatt Securities reissued a “buy” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Finally, Northland Securities upped their target price on Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $22.20.

Universal Technical Institute Trading Up 0.4 %

Shares of NYSE UTI opened at $19.61 on Friday. Universal Technical Institute has a twelve month low of $9.98 and a twelve month high of $20.73. The firm has a market cap of $1.06 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34. The business has a fifty day simple moving average of $16.85 and a two-hundred day simple moving average of $16.48. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56.

Insider Activity

In other news, CEO Jerome Alan Grant sold 68,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the transaction, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. This represents a 33.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in Universal Technical Institute by 34.8% in the first quarter. BNP Paribas Financial Markets now owns 45,439 shares of the company’s stock worth $724,000 after acquiring an additional 11,719 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Universal Technical Institute by 341.1% in the 1st quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company’s stock worth $5,329,000 after purchasing an additional 258,532 shares in the last quarter. Vanguard Group Inc. grew its position in Universal Technical Institute by 55.0% during the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock worth $37,872,000 after purchasing an additional 842,765 shares during the last quarter. Acadian Asset Management LLC increased its stake in Universal Technical Institute by 2,058.7% during the 1st quarter. Acadian Asset Management LLC now owns 298,849 shares of the company’s stock valued at $4,763,000 after purchasing an additional 285,005 shares in the last quarter. Finally, American International Group Inc. raised its holdings in shares of Universal Technical Institute by 19.6% in the first quarter. American International Group Inc. now owns 19,494 shares of the company’s stock worth $311,000 after buying an additional 3,194 shares during the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

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.