Universal Technical Institute Inc (NYSE:UTI) Receives Average Rating of “Buy” from Analysts

by · The Cerbat Gem

Universal Technical Institute Inc (NYSE:UTI – Get Free Report) has earned a consensus rating of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $35.83.

UTI has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, May 8th. B. Riley assumed coverage on Universal Technical Institute in a research report on Friday, March 28th. They issued a “buy” rating and a $31.00 price target on the stock. Barrington Research restated an “outperform” rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, June 12th. Truist Financial raised their price target on Universal Technical Institute from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Finally, Lake Street Capital restated a “buy” rating and issued a $38.00 price target (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st.

Read Our Latest Stock Analysis on Universal Technical Institute

Insider Buying and Selling

In other Universal Technical Institute news, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $33.36, for a total value of $917,400.00. Following the sale, the chief operating officer now owns 80,521 shares of the company’s stock, valued at $2,686,180.56. This trade represents a 25.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George W. Brochick sold 6,000 shares of Universal Technical Institute stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total value of $191,040.00. Following the completion of the sale, the director now directly owns 32,516 shares in the company, valued at $1,035,309.44. This represents a 15.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,805 shares of company stock valued at $1,116,995. 15.10% of the stock is owned by company insiders.

Institutional Trading of Universal Technical Institute

Several hedge funds and other institutional investors have recently modified their holdings of UTI. Rhumbline Advisers raised its stake in shares of Universal Technical Institute by 37.4% in the 4th quarter. Rhumbline Advisers now owns 71,407 shares of the company’s stock valued at $1,836,000 after purchasing an additional 19,453 shares during the period. Principal Financial Group Inc. raised its stake in shares of Universal Technical Institute by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 26,623 shares of the company’s stock valued at $684,000 after purchasing an additional 2,335 shares during the period. New York State Common Retirement Fund raised its stake in shares of Universal Technical Institute by 19.7% in the 4th quarter. New York State Common Retirement Fund now owns 88,222 shares of the company’s stock valued at $2,268,000 after purchasing an additional 14,517 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Universal Technical Institute by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 101,014 shares of the company’s stock valued at $2,597,000 after purchasing an additional 4,842 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Universal Technical Institute in the 4th quarter valued at about $713,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Stock Down 1.3%

Shares of UTI opened at $34.30 on Wednesday. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 2.19 and a beta of 1.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.07 and a current ratio of 1.07. The business’s fifty day moving average price is $32.28 and its two-hundred day moving average price is $28.64. Universal Technical Institute has a 52 week low of $13.99 and a 52 week high of $36.32.

Universal Technical Institute (NYSE:UTI – Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The firm had revenue of $207.45 million for the quarter, compared to analyst estimates of $196.63 million. Universal Technical Institute had a return on equity of 21.40% and a net margin of 7.34%. On average, analysts predict that Universal Technical Institute will post 1 earnings per share for the current year.

Universal Technical Institute Company Profile

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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.

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