Universal Technical Institute Inc (UTI) – What Are Brokerages Saying About This Stock?

Universal Technical Institute Inc (NYSE:UTI) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $42.83.

Several equities analysts have commented on the stock. Northland Securities set a $35.00 price target on shares of Universal Technical Institute in a research note on Thursday, September 10th. B. Riley Financial cut their price objective on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Texas Capital cut Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 target price on shares of Universal Technical Institute in a report on Thursday, August 6th. Finally, Truist Financial decreased their target price on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 6th.

Universal Technical Institute Trading Up 1.0%

Shares of UTI stock opened at $20.79 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $1.14 billion, a P/E ratio of 33.53, a price-to-earnings-growth ratio of 1.87 and a beta of 1.19. The company has a 50 day moving average price of $21.39 and a 200 day moving average price of $33.08. Universal Technical Institute has a fifty-two week low of $18.02 and a fifty-two week high of $51.34.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. Equities research analysts predict that Universal Technical Institute will post 0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Universal Technical Institute

A number of hedge funds have recently bought and sold shares of the stock. ANB Bank increased its stake in shares of Universal Technical Institute by 5.8% during the first quarter. ANB Bank now owns 8,960 shares of the company’s stock worth $323,000 after acquiring an additional 491 shares during the period. Nykredit A S purchased a new position in Universal Technical Institute during the second quarter worth about $25,000. Pullen Investment Management LLC raised its holdings in Universal Technical Institute by 1.2% during the first quarter. Pullen Investment Management LLC now owns 51,687 shares of the company’s stock worth $1,866,000 after purchasing an additional 635 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Universal Technical Institute by 543.5% during the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in Universal Technical Institute by 9.4% in the second quarter. HighTower Advisors LLC now owns 10,785 shares of the company’s stock valued at $461,000 after purchasing an additional 929 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 provider of postsecondary education and career training in the United States. The company prepares students for employment in transportation, skilled trades, energy, technology and healthcare-related fields through hands-on instruction, classroom learning and online or hybrid programs.

Its programs cover automotive, diesel, collision repair, motorcycle, marine and NASCAR-related technologies, as well as welding, CNC machining, robotics and automation, wind turbine technology, industrial maintenance and other technical disciplines.