Universal Technical Institute, Inc. (NYSE:UTI) Receives $26.33 Average Price Target from Analysts

Universal Technical Institute, Inc. (NYSE:UTI) has been given a consensus recommendation of “Buy” by the six research firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is $26.33.

UTI has been the subject of several recent analyst reports. Truist Financial raised their target price on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Northland Securities raised their price objective on Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Lake Street Capital upped their target price on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Rosenblatt Securities increased their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, B. Riley boosted their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Insider Activity at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the sale, the director now directly owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. This represents a 18.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Covestor Ltd grew its position in shares of Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after purchasing an additional 1,564 shares during the last quarter. Quarry LP grew its holdings in Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after buying an additional 3,056 shares during the last quarter. International Assets Investment Management LLC increased its position in Universal Technical Institute by 1,526.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after buying an additional 3,815 shares during the period. Morse Asset Management Inc acquired a new position in shares of Universal Technical Institute during the third quarter worth approximately $152,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Universal Technical Institute by 95,120.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after acquiring an additional 9,512 shares during the period. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

UTI stock opened at $25.77 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $1.39 billion, a P/E ratio of 34.82, a P/E/G ratio of 1.78 and a beta of 1.45. Universal Technical Institute has a 52-week low of $12.14 and a 52-week high of $26.71. The company’s 50 day simple moving average is $23.53 and its 200-day simple moving average is $19.14.

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.