Analysts Set Universal Technical Institute Inc (NYSE:UTI) PT at $44.80

Universal Technical Institute Inc (NYSE:UTI) has been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $44.80.

Several equities research analysts have recently weighed in on the stock. Barrington Research upped their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a research note on Thursday, May 7th. Rosenblatt Securities upped their target price on Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Universal Technical Institute in a research report on Thursday, April 30th.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’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 completion of the transaction, the director directly owned 971,440 shares in the company, valued at approximately $40,217,616. The trade was a 75.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jerome Alan Grant sold 94,500 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the completion of the transaction, the chief executive officer owned 335,715 shares of the company’s stock, valued at $13,898,601. This represents a 21.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,117,545 shares of company stock worth $128,998,420. Company insiders own 9.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its position in Universal Technical Institute by 47.6% during the first quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock valued at $1,144,000 after acquiring an additional 14,364 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Universal Technical Institute in the first quarter valued at approximately $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Universal Technical Institute by 23.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock worth $711,000 after purchasing an additional 5,216 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Universal Technical Institute in the first quarter worth $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Universal Technical Institute by 13.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock worth $2,163,000 after purchasing an additional 9,951 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Performance

UTI stock opened at $41.11 on Thursday. Universal Technical Institute has a 1-year low of $21.29 and a 1-year high of $51.34. The business has a 50-day moving average price of $41.74 and a 200 day moving average price of $36.81. The company has a market capitalization of $2.26 billion, a P/E ratio of 53.39, a PEG ratio of 3.45 and a beta of 1.25. 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 issued its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $221.40 million for the quarter, compared to analysts’ expectations of $221.61 million. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. As a group, equities research analysts forecast that Universal Technical Institute will post 0.76 EPS 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.