Universal Technical Institute Inc (NYSE:UTI) Receives Average Recommendation of “Moderate Buy” from Analysts

Universal Technical Institute Inc (NYSE:UTI) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $44.25.

Several analysts have recently weighed in on the stock. Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a research note on Thursday, May 7th. Rosenblatt Securities upped their price objective on Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings lowered Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Wall Street Zen raised Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Barrington Research lifted their target price on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th.

Universal Technical Institute Stock Up 4.6%

Shares of UTI opened at $38.40 on Wednesday. Universal Technical Institute has a 52-week low of $21.29 and a 52-week high of $45.74. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $38.23 and a two-hundred day simple moving average of $32.91. The company has a market capitalization of $2.11 billion, a PE ratio of 49.87, a price-to-earnings-growth ratio of 3.22 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The firm had revenue of $221.40 million for the quarter, compared to analysts’ expectations of $221.61 million. As a group, equities analysts forecast that Universal Technical Institute will post 0.76 EPS for the current year.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, Director Coliseum Capital Management, L sold 3,000,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $41.40, for a total value of $124,200,000.00. Following the transaction, the director owned 971,440 shares of the company’s stock, valued at $40,217,616. This represents a 75.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Linda J. Srere sold 15,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $36.59, for a total transaction of $548,850.00. Following the transaction, the director directly owned 127,564 shares of the company’s stock, valued at approximately $4,667,566.76. This trade represents a 10.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,018,500 shares of company stock worth $124,904,320. Company insiders own 9.80% of the company’s stock.

Institutional Trading of Universal Technical Institute

Several institutional investors have recently added to or reduced their stakes in UTI. Newbridge Financial Services Group Inc. acquired a new position in Universal Technical Institute during the second quarter worth $27,000. PNC Financial Services Group Inc. raised its holdings in shares of Universal Technical Institute by 543.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $32,000 after buying an additional 750 shares during the period. Clearstead Advisors LLC lifted its stake in Universal Technical Institute by 187.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after acquiring an additional 943 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Universal Technical Institute during the 1st quarter worth about $57,000. Finally, SBI Securities Co. Ltd. boosted its holdings in Universal Technical Institute by 4,500.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock valued at $142,000 after acquiring an additional 5,310 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.