Universal Technical Institute, Inc. (NYSE:UTI) Receives Average Rating of “Buy” from Brokerages

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have been given an average rating of “Buy” by the six brokerages that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued a report on the stock in the last year is $31.17.

A number of research firms have recently commented on UTI. Rosenblatt Securities upped their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Truist Financial raised their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. B. Riley upped their target price 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. Northland Securities increased their price target on Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Barrington Research lifted their target price on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $29.12 on Thursday. The firm has a market capitalization of $1.58 billion, a P/E ratio of 30.02, a P/E/G ratio of 1.89 and a beta of 1.45. Universal Technical Institute has a fifty-two week low of $13.66 and a fifty-two week high of $30.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50 day moving average price is $26.63 and its two-hundred day moving average price is $21.28.

Universal Technical Institute (NYSE:UTI) last posted its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. On average, equities analysts forecast that Universal Technical Institute will post 1 earnings per share for the current fiscal year.

Insider Transactions at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the transaction, the director now directly owns 128,205 shares in the company, valued at approximately $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Universal Technical Institute

A number of institutional investors and hedge funds have recently modified their holdings of UTI. Covestor Ltd increased its holdings in shares of Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after purchasing an additional 1,564 shares during the period. Quarry LP lifted its holdings in shares of Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after acquiring an additional 3,056 shares during the last quarter. International Assets Investment Management LLC boosted its position in Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after buying an additional 3,815 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Universal Technical Institute during the 4th quarter valued at about $79,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Universal Technical Institute during the fourth quarter valued at approximately $101,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

About Universal Technical Institute

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.