Universal Technical Institute (NYSE:UTI) Price Target Raised to $31.00

Universal Technical Institute (NYSE:UTI) had its target price raised by research analysts at Lake Street Capital from $22.00 to $31.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s price target suggests a potential upside of 4.57% from the company’s current price.

Several other brokerages also recently weighed in on UTI. Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday. Truist Financial raised their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barrington Research upped their price target on Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday. B. Riley raised 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. Finally, Northland Securities boosted their price target on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $31.17.

Universal Technical Institute Stock Up 0.4 %

UTI stock opened at $29.65 on Thursday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 40.06, a price-to-earnings-growth ratio of 1.90 and a beta of 1.45. The business’s 50 day moving average price is $26.20 and its two-hundred day moving average price is $20.74. Universal Technical Institute has a fifty-two week low of $13.23 and a fifty-two week high of $30.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 5.34% and a return on equity of 16.41%. As a group, analysts forecast that Universal Technical Institute will post 0.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the sale, the director now owns 128,205 shares in the company, valued at approximately $3,323,073.60. This trade represents a 18.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UTI. HighTower Advisors LLC purchased a new position in shares of Universal Technical Institute during the fourth quarter worth approximately $845,000. Independent Advisor Alliance lifted its holdings in shares of Universal Technical Institute by 4.4% during the 4th quarter. Independent Advisor Alliance now owns 12,157 shares of the company’s stock valued at $313,000 after purchasing an additional 507 shares during the last quarter. AlphaQuest LLC raised its stake in Universal Technical Institute by 822,000.0% in the fourth quarter. AlphaQuest LLC now owns 8,221 shares of the company’s stock valued at $211,000 after buying an additional 8,220 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Universal Technical Institute in the 4th quarter worth approximately $993,000. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Universal Technical Institute during the fourth quarter worth $212,000. Institutional investors own 75.67% of the company’s stock.

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.