Barrington Research Reiterates “Outperform” Rating for Universal Technical Institute (NYSE:UTI)

Universal Technical Institute (NYSE:UTI)‘s stock had its “outperform” rating reissued by Barrington Research in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $18.00 target price on the stock. Barrington Research’s target price points to a potential upside of 23.12% from the company’s previous close.

Several other equities analysts also recently commented on UTI. Northland Securities began coverage on Universal Technical Institute in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $16.00 target price for the company. Rosenblatt Securities boosted their price objective on Universal Technical Institute from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, January 25th. TheStreet raised Universal Technical Institute from a “c+” rating to a “b” rating in a research report on Thursday, February 1st. Finally, StockNews.com cut Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.20.

Universal Technical Institute Price Performance

Universal Technical Institute stock opened at $14.62 on Tuesday. Universal Technical Institute has a 1 year low of $5.63 and a 1 year high of $16.37. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $498.25 million, a P/E ratio of 56.23, a PEG ratio of 1.38 and a beta of 1.20. The business has a 50-day moving average of $14.89 and a 200-day moving average of $12.78.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, February 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.06 by $0.11. The firm had revenue of $174.70 million for the quarter, compared to analysts’ expectations of $168.19 million. Universal Technical Institute had a return on equity of 9.25% and a net margin of 2.41%. On average, equities analysts anticipate that Universal Technical Institute will post 0.7 EPS for the current year.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 8,719 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $15.07, for a total transaction of $131,395.33. Following the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $301,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Universal Technical Institute

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Universal Technical Institute in the third quarter valued at $104,000. Victory Capital Management Inc. increased its holdings in shares of Universal Technical Institute by 1.6% during the 3rd quarter. Victory Capital Management Inc. now owns 277,720 shares of the company’s stock worth $2,327,000 after buying an additional 4,503 shares during the last quarter. Premier Fund Managers Ltd acquired a new stake in shares of Universal Technical Institute during the 3rd quarter worth approximately $246,000. First Eagle Investment Management LLC increased its holdings in shares of Universal Technical Institute by 15.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 426,391 shares of the company’s stock worth $3,573,000 after buying an additional 55,608 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its holdings in Universal Technical Institute by 6.6% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 627,893 shares of the company’s stock valued at $5,262,000 after purchasing an additional 38,630 shares during the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

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.