Universal Technical Institute (NYSE:UTI) Hits New 1-Year High – Here’s What Happened

08 Jan 2025, 08:30 by Doug Wharley · The Cerbat Gem

Universal Technical Institute, Inc. (NYSE:UTI – Get Free Report)’s stock price reached a new 52-week high on Monday . The company traded as high as $26.71 and last traded at $26.08, with a volume of 32602 shares traded. The stock had previously closed at $26.20.

Analyst Ratings Changes

UTI has been the topic of a number of recent analyst reports. Truist Financial increased their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities increased their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. B. Riley increased their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Lake Street Capital raised their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Northland Securities raised their target price on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $26.33.

Check Out Our Latest Stock Analysis on UTI

Universal Technical Institute Price Performance

The company’s 50 day moving average price is $23.53 and its 200-day moving average price is $19.14. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 1.78 and a beta of 1.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08.

Insider Transactions at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the transaction, the director now owns 128,205 shares of the company’s stock, valued at $3,323,073.60. The trade was a 18.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in shares of Universal Technical Institute in the third quarter worth approximately $395,000. Lord Abbett & CO. LLC purchased a new position in shares of Universal Technical Institute in the third quarter worth approximately $10,217,000. Sanctuary Advisors LLC purchased a new position in shares of Universal Technical Institute in the third quarter worth approximately $794,000. Geode Capital Management LLC grew its position in Universal Technical Institute by 9.8% during the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after purchasing an additional 85,417 shares in the last quarter. Finally, Guardian Wealth Management Inc. grew its position in Universal Technical Institute by 5,347.0% during the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock valued at $1,407,000 after purchasing an additional 84,964 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Company Profile

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