Universal Technical Institute, Inc. (NYSE:UTI) Receives $26.33 Consensus PT from Brokerages

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have earned a consensus rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.33.

A number of research firms have recently weighed in on UTI. B. Riley boosted 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. Barrington Research upped their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Truist Financial lifted their target price on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Lake Street Capital increased their price target on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Northland Securities lifted their price objective on shares of Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the company’s 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 transaction, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. This represents a 18.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 27.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Universal Technical Institute

A number of large investors have recently modified their holdings of the company. State Street Corp raised its position in Universal Technical Institute by 3.6% during the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after purchasing an additional 29,461 shares in the last quarter. Guardian Wealth Management Inc. raised its holdings in shares of Universal Technical Institute by 5,347.0% in the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock valued at $1,407,000 after acquiring an additional 84,964 shares in the last quarter. Geode Capital Management LLC lifted its stake in Universal Technical Institute by 9.8% in the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock worth $15,496,000 after acquiring an additional 85,417 shares during the period. First Eagle Investment Management LLC grew its holdings in Universal Technical Institute by 37.2% during the 2nd 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Universal Technical Institute by 198.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock valued at $5,622,000 after purchasing an additional 229,738 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Trading Up 3.1 %

Shares of UTI opened at $26.20 on Wednesday. Universal Technical Institute has a fifty-two week low of $12.14 and a fifty-two week high of $26.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08. The company’s fifty day moving average is $23.18 and its 200 day moving average is $18.91. The stock has a market capitalization of $1.42 billion, a PE ratio of 35.41, a P/E/G ratio of 1.78 and a beta of 1.48.

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.