Analysts Set Universal Technical Institute, Inc. (NYSE:UTI) PT at $25.33

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have been given an average recommendation of “Buy” by the six research firms that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $25.33.

Several brokerages recently weighed in on UTI. B. Riley upped their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Rosenblatt Securities upped their target price on shares of Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial upped their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barrington Research upped their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Northland Securities upped their target price on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st.

Universal Technical Institute Trading Up 0.1 %

NYSE:UTI opened at $25.65 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 1.77 and a beta of 1.48. Universal Technical Institute has a one year low of $10.46 and a one year high of $26.64. The business has a fifty day moving average price of $19.40 and a 200-day moving average price of $17.51.

Insider Activity at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the sale, the director now directly owns 128,205 shares of the company’s stock, valued at $3,323,073.60. This represents a 18.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 27.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Universal Technical Institute

Institutional investors have recently modified their holdings of the stock. First Eagle Investment Management LLC increased its position in shares of Universal Technical Institute by 37.2% during the second quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock worth $8,162,000 after acquiring an additional 140,600 shares during the period. Great Lakes Advisors LLC purchased a new position in Universal Technical Institute during the second quarter valued at approximately $3,103,000. International Assets Investment Management LLC increased its holdings in Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after buying an additional 3,815 shares during the period. Principal Financial Group Inc. purchased a new position in Universal Technical Institute during the third quarter valued at approximately $395,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Universal Technical Institute during the third quarter valued at approximately $348,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.