Universal Technical Institute Inc (NYSE:UTI) Given Average Rating of “Moderate Buy” by Analysts

Universal Technical Institute Inc (NYSE:UTI) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $42.8333.

A number of research firms have recently commented on UTI. Northland Securities set a $35.00 price objective on shares of Universal Technical Institute in a research report on Thursday, September 10th. Weiss Ratings upgraded shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a report on Thursday, August 6th. Truist Financial reduced their price target on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, B. Riley Financial decreased their price target on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 6th.

Insider Transactions at Universal Technical Institute

In other news, CEO Jerome Grant sold 94,500 shares of Universal Technical Institute 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 sale, the chief executive officer owned 335,715 shares in the company, valued at approximately $13,898,601. This trade represents a 21.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kevin Prehn sold 4,545 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $40.00, for a total value of $181,800.00. Following the transaction, the insider directly owned 27,025 shares of the company’s stock, valued at $1,081,000. The trade was a 14.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Universal Technical Institute

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Universal Technical Institute in the 2nd quarter worth $323,080,000. Wasatch Advisors LP lifted its holdings in shares of Universal Technical Institute by 12.8% during the 1st quarter. Wasatch Advisors LP now owns 1,978,776 shares of the company’s stock worth $71,434,000 after acquiring an additional 223,893 shares during the last quarter. Punch & Associates Investment Management Inc. bought a new stake in shares of Universal Technical Institute during the 2nd quarter worth $46,879,000. Dimensional Fund Advisors LP grew its position in Universal Technical Institute by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,296,989 shares of the company’s stock worth $46,826,000 after acquiring an additional 9,153 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its stake in Universal Technical Institute by 1,366.0% in the first quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company’s stock valued at $46,646,000 after acquiring an additional 1,203,985 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Stock Down 0.1%

UTI stock opened at $20.85 on Friday. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.29 and a beta of 1.17. 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 fifty day moving average of $29.76 and a 200-day moving average of $35.63. Universal Technical Institute has a fifty-two week low of $19.52 and a fifty-two week high of $51.34.

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

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary education and training for careers in the transportation, skilled trades and energy industries. The company offers programs in automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, wind energy and other technical fields, combining classroom instruction with hands-on laboratory experience.

Universal Technical Institute operates through a portfolio of specialized school brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute and MIAT College of Technology.