Universal Technical Institute (NYSE:UTI) Reaches New 52-Week High – Time to Buy?

Universal Technical Institute Inc (NYSE:UTI) hit a new 52-week high during trading on Tuesday . The stock traded as high as $50.39 and last traded at $49.94, with a volume of 1133264 shares trading hands. The stock had previously closed at $48.24.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a report on Thursday, May 7th. Truist Financial increased their target price on Universal Technical Institute from $40.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, June 29th. B. Riley Financial reaffirmed a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Barrington Research upped their target price on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, Rosenblatt Securities upped their price target on Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

Universal Technical Institute Stock Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 64.07, a P/E/G ratio of 4.49 and a beta of 1.23. The firm has a 50-day simple moving average of $40.54 and a two-hundred day simple moving average of $35.01.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. On average, sell-side analysts anticipate that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Insider Transactions at Universal Technical Institute

In other news, CAO Christine Kline sold 3,500 shares of Universal Technical Institute stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $44.42, for a total value of $155,470.00. Following the completion of the transaction, the chief accounting officer owned 43,006 shares in the company, valued at approximately $1,910,326.52. This trade represents a 7.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 approximately $1,081,000. This represents a 14.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,117,545 shares of company stock valued at $128,998,420 in the last 90 days. Insiders own 9.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Universal Technical Institute in the 2nd quarter valued at $27,000. PNC Financial Services Group Inc. grew its stake in shares of Universal Technical Institute by 543.5% during the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares in the last quarter. Clearstead Advisors LLC increased its holdings in Universal Technical Institute by 187.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after buying an additional 943 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Universal Technical Institute in the first quarter valued at $57,000. Finally, SBI Securities Co. Ltd. raised its stake in Universal Technical Institute by 4,500.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock valued at $142,000 after buying an additional 5,310 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

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.