Universal Technical Institute Inc (NYSE:UTI) Receives $44.80 Consensus Target Price from Analysts

Universal Technical Institute Inc (NYSE:UTI) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $44.80.

Several brokerages recently issued reports on UTI. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a research report on Thursday, April 30th. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 7th. Rosenblatt Securities upped their target price on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Truist Financial increased their price target on shares of Universal Technical Institute from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, Barrington Research raised their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 7th.

Insider Buying and Selling

In other news, CAO Christine Kline sold 3,500 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the completion of the sale, the chief accounting officer owned 43,006 shares in the company, valued at $1,910,326.52. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $41.40, for a total value of $124,200,000.00. Following the sale, the director directly 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 3,117,545 shares of company stock worth $128,998,420. 9.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Universal Technical Institute

Hedge funds and other institutional investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. bought a new stake in shares of Universal Technical Institute during the 2nd quarter valued at $27,000. PNC Financial Services Group Inc. boosted its position 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 worth $32,000 after purchasing an additional 750 shares during the last quarter. Clearstead Advisors LLC grew its stake in shares of Universal Technical Institute by 187.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after purchasing an additional 943 shares during the period. NewEdge Advisors LLC bought a new stake in Universal Technical Institute in the first quarter valued at about $57,000. Finally, SBI Securities Co. Ltd. lifted its stake in Universal Technical Institute by 4,500.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock valued at $142,000 after buying an additional 5,310 shares during the period. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Stock Up 2.1%

NYSE UTI opened at $50.99 on Friday. The stock’s 50 day simple moving average is $40.27 and its 200 day simple moving average is $34.85. Universal Technical Institute has a one year low of $21.29 and a one year high of $51.25. The firm has a market cap of $2.81 billion, a PE ratio of 66.22, a price-to-earnings-growth ratio of 4.38 and a beta of 1.23. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.17.

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

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.