Universal Technical Institute (NYSE:UTI) Earns “Outperform” Rating from Barrington Research
by Renee Jackson · The Cerbat GemUniversal Technical Institute (NYSE:UTI – Get Free Report)‘s stock had its “outperform” rating reissued by Barrington Research in a research note issued on Friday,Benzinga reports. They currently have a $36.00 target price on the stock. Barrington Research’s price target suggests a potential downside of 6.53% from the stock’s previous close.
UTI has been the topic of a number of other research reports. Zacks Research raised shares of Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings cut shares of Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Universal Technical Institute presently has an average rating of “Moderate Buy” and a consensus target price of $37.50.
View Our Latest Stock Report on Universal Technical Institute
Universal Technical Institute Stock Performance
Shares of NYSE UTI traded up $0.94 during midday trading on Friday, reaching $38.52. 190,858 shares of the stock were exchanged, compared to its average volume of 722,015. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 3.06 and a beta of 1.33. Universal Technical Institute has a twelve month low of $21.29 and a twelve month high of $40.41. The firm has a 50-day simple moving average of $34.59 and a two-hundred day simple moving average of $30.36. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.29.
Universal Technical Institute (NYSE:UTI – Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $220.84 million for the quarter, compared to analysts’ expectations of $216.65 million. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. As a group, analysts anticipate that Universal Technical Institute will post 1 EPS for the current fiscal year.
Insider Transactions at Universal Technical Institute
In related news, COO Todd A. Hitchcock sold 16,500 shares of Universal Technical Institute stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $37.33, for a total value of $615,945.00. Following the sale, the chief operating officer owned 104,084 shares of the company’s stock, valued at approximately $3,885,455.72. This trade represents a 13.68% 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. Also, EVP Sherrell Smith sold 22,671 shares of Universal Technical Institute stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $37.10, for a total transaction of $841,094.10. Following the completion of the sale, the executive vice president directly owned 37,474 shares in the company, valued at $1,390,285.40. This represents a 37.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 145,961 shares of company stock worth $5,248,127 in the last ninety days. Company insiders own 9.80% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UTI. Royal Bank of Canada lifted its holdings in Universal Technical Institute by 47.6% in the 1st quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock valued at $1,144,000 after purchasing an additional 14,364 shares in the last quarter. AQR Capital Management LLC purchased a new position in Universal Technical Institute in the 1st quarter valued at $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Universal Technical Institute by 23.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock valued at $711,000 after purchasing an additional 5,216 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Universal Technical Institute in the 1st quarter valued at $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in 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 purchasing an additional 9,951 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.
About Universal Technical Institute
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.