Universal Technical Institute, Inc. (NYSE:UTI) Receives Consensus Rating of “Buy” from Brokerages

Universal Technical Institute, Inc. (NYSE:UTI) has been assigned an average rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is $27.17.

A number of research firms have weighed in on UTI. B. Riley boosted their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Rosenblatt Securities increased their price objective on Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Truist Financial boosted their target price on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barrington Research lifted their price objective on Universal Technical Institute from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, Lake Street Capital upped their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 21st.

Insider Activity at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the transaction, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.10% of the stock is owned by corporate insiders.

Institutional Trading of Universal Technical Institute

A number of large investors have recently modified their holdings of the business. Covestor Ltd raised its stake in 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 in the last quarter. BNP Paribas Financial Markets raised its position in shares of Universal Technical Institute by 9.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock valued at $389,000 after buying an additional 2,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Universal Technical Institute by 27.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock worth $197,000 after acquiring an additional 2,596 shares during the last quarter. Inspire Investing LLC grew its position in Universal Technical Institute by 13.5% in the third quarter. Inspire Investing LLC now owns 25,556 shares of the company’s stock worth $416,000 after acquiring an additional 3,032 shares in the last quarter. Finally, Quarry LP increased its stake in Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after acquiring an additional 3,056 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Trading Down 1.0 %

NYSE UTI opened at $26.49 on Friday. The business’s fifty day moving average is $25.42 and its 200-day moving average is $20.05. 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 stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.84 and a beta of 1.45. Universal Technical Institute has a one year low of $13.23 and a one year high of $27.29.

Universal Technical Institute Company Profile

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.