Universal Technical Institute’s (UTI) Buy Rating Reaffirmed at Rosenblatt Securities

Universal Technical Institute (NYSE:UTI)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $36.00 price objective on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 21.29% from the company’s previous close.

UTI has been the subject of several other research reports. Northland Securities raised their price target on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Lake Street Capital raised their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. B. Riley began coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They set a “buy” rating and a $31.00 price target on the stock. Finally, Barrington Research reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Universal Technical Institute in a research note on Thursday, April 17th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $32.17.

Universal Technical Institute Trading Up 0.9 %

Shares of UTI opened at $29.68 on Thursday. The firm’s 50 day simple moving average is $27.12 and its 200 day simple moving average is $25.40. The company has a market capitalization of $1.61 billion, a P/E ratio of 30.60, a P/E/G ratio of 1.92 and a beta of 1.57. Universal Technical Institute has a 1-year low of $13.66 and a 1-year high of $32.68. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.07. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. Sell-side analysts forecast that Universal Technical Institute will post 1 earnings per share for the current fiscal year.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, EVP Sherrell Smith sold 39,446 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $27.85, for a total value of $1,098,571.10. Following the sale, the executive vice president now directly owns 177,912 shares of the company’s stock, valued at approximately $4,954,849.20. This represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director George W. Brochick sold 8,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total transaction of $220,720.00. Following the completion of the transaction, the director now owns 34,917 shares of the company’s stock, valued at approximately $963,360.03. The trade was a 18.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,524 shares of company stock valued at $2,578,450 over the last ninety days. Insiders own 15.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. grew its holdings in Universal Technical Institute by 362.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock valued at $9,691,000 after purchasing an additional 295,408 shares during the last quarter. Hennessy Advisors Inc. boosted its position in shares of Universal Technical Institute by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company’s stock worth $17,763,000 after acquiring an additional 44,100 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in Universal Technical Institute in the fourth quarter valued at $1,041,000. Precision Wealth Strategies LLC purchased a new stake in shares of Universal Technical Institute during the 4th quarter worth about $632,000. Finally, Rhumbline Advisers lifted its holdings in shares of Universal Technical Institute by 37.4% during the 4th quarter. Rhumbline Advisers now owns 71,407 shares of the company’s stock valued at $1,836,000 after acquiring an additional 19,453 shares in the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

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.