Universal Technical Institute Inc (NYSE:UTI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Universal Technical Institute Inc (NYSE:UTI) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $43.8333.

Several research analysts have commented on UTI shares. B. Riley Financial cut their target price on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings lowered shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a research report on Thursday, May 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Universal Technical Institute in a research note on Thursday, August 6th. Finally, Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a research report on Thursday, April 30th.

Insider Activity

In other news, Director Coliseum Capital Management, L sold 3,000,000 shares of Universal Technical Institute stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $41.40, for a total value of $124,200,000.00. Following the completion of the transaction, the director directly owned 971,440 shares of the company’s stock, valued at approximately $40,217,616. This trade represents a 75.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jerome Alan 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 value of $3,912,300.00. Following the completion of the transaction, the chief executive officer directly owned 335,715 shares of the company’s stock, valued at approximately $13,898,601. This trade represents a 21.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,102,545 shares of company stock worth $128,449,570 in the last three months. Corporate insiders own 9.80% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in Universal Technical Institute by 47.6% in the first quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock worth $1,144,000 after purchasing an additional 14,364 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Universal Technical Institute during the 1st quarter worth approximately $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Universal Technical Institute by 23.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock worth $711,000 after buying an additional 5,216 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Universal Technical Institute during the 1st quarter worth approximately $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Universal Technical Institute by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock valued at $2,163,000 after acquiring an additional 9,951 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

UTI stock opened at $22.36 on Monday. The company has a fifty day moving average price of $38.10 and a 200-day moving average price of $36.82. The company has a market capitalization of $1.23 billion, a P/E ratio of 36.06, a PEG ratio of 2.45 and a beta of 1.25. Universal Technical Institute has a 52-week low of $21.29 and a 52-week high of $51.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30.

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

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.