Universal Technical Institute, Inc. (NYSE:UTI) Receives $27.17 Consensus Price Target from Analysts

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have been given an average recommendation of “Buy” by the six research firms that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $27.17.

A number of equities analysts recently weighed in on the company. B. Riley increased their price target on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Lake Street Capital raised their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Northland Securities raised their price objective on Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Truist Financial raised their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Rosenblatt Securities raised their price objective on Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th.

Insider Transactions at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the sale, the director now directly owns 128,205 shares of the company’s stock, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 15.10% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd raised its stake in shares of Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after acquiring an additional 1,564 shares in the last quarter. Quarry LP raised its stake in shares of Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after acquiring an additional 3,056 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Universal Technical Institute by 1,526.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after acquiring an additional 3,815 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of Universal Technical Institute in the 3rd quarter valued at approximately $152,000. Finally, ProShare Advisors LLC bought a new position in shares of Universal Technical Institute in the 2nd quarter valued at approximately $167,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Trading Up 1.7 %

NYSE:UTI opened at $26.18 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. Universal Technical Institute has a 1-year low of $13.23 and a 1-year high of $27.29. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 1.84 and a beta of 1.45. The stock has a fifty day simple moving average of $25.67 and a 200 day simple moving average of $20.21.

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.