Universal Technical Institute (NYSE:UTI) Sets New 1-Year High After Analyst Upgrade

Universal Technical Institute, Inc. (NYSE:UTI)’s stock price reached a new 52-week high during trading on Thursday after Barrington Research raised their price target on the stock from $22.00 to $25.00. Barrington Research currently has an outperform rating on the stock. Universal Technical Institute traded as high as $21.00 and last traded at $21.00, with a volume of 736 shares traded. The stock had previously closed at $19.89.

A number of other analysts also recently weighed in on UTI. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. B. Riley lifted their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Northland Securities raised their price objective on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday. Truist Financial upped their price target on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Rosenblatt Securities reissued a “buy” rating and set a $22.00 price target on shares of Universal Technical Institute in a research report on Wednesday, September 11th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $24.00.

Institutional Trading of Universal Technical Institute

A number of institutional investors have recently modified their holdings of the stock. Covestor Ltd raised its position in Universal Technical Institute by 6,256.0% during the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after purchasing an additional 1,564 shares in the last quarter. Pullen Investment Management LLC boosted its holdings in Universal Technical Institute by 2.9% in the second quarter. Pullen Investment Management LLC now owns 56,420 shares of the company’s stock valued at $887,000 after acquiring an additional 1,600 shares during the last quarter. ClariVest Asset Management LLC increased its position in shares of Universal Technical Institute by 2.7% during the second quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock worth $1,215,000 after buying an additional 2,060 shares during the period. BNP Paribas Financial Markets grew its holdings in Universal Technical Institute by 9.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock worth $389,000 after acquiring an additional 2,083 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Universal Technical Institute by 27.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock worth $197,000 after acquiring an additional 2,596 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Stock Up 18.7 %

The firm has a market cap of $1.27 billion, a P/E ratio of 47.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.34. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50 day simple moving average is $17.20 and its 200 day simple moving average is $16.62.

About Universal Technical Institute

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.