Universal Technical Institute, Inc. (NYSE:UTI) Receives $31.17 Consensus PT from Analysts

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have been assigned a consensus rating of “Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $31.17.

Several equities analysts have recently weighed in on UTI shares. Rosenblatt Securities raised their price target on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Barrington Research raised their price target on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. B. Riley lifted their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Lake Street Capital lifted their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Truist Financial lifted their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st.

Universal Technical Institute Price Performance

Shares of UTI opened at $26.50 on Thursday. The company has a 50 day moving average price of $26.70 and a 200-day moving average price of $21.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $1.44 billion, a PE ratio of 27.32, a PEG ratio of 1.92 and a beta of 1.45. Universal Technical Institute has a fifty-two week low of $13.66 and a fifty-two week high of $30.56.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Equities analysts predict that Universal Technical Institute will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction dated Wednesday, November 27th. The shares were 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 in the company, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 15.10% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

A number of institutional investors have recently made changes to their positions in the stock. Covestor Ltd increased its position in shares of Universal Technical Institute by 24.4% during the fourth quarter. Covestor Ltd now owns 1,977 shares of the company’s stock valued at $51,000 after acquiring an additional 388 shares during the last quarter. Independent Advisor Alliance grew its holdings in shares of Universal Technical Institute by 4.4% in the fourth quarter. Independent Advisor Alliance now owns 12,157 shares of the company’s stock valued at $313,000 after purchasing an additional 507 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Universal Technical Institute by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company’s stock valued at $578,000 after purchasing an additional 777 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Universal Technical Institute by 5.7% in the fourth quarter. MetLife Investment Management LLC now owns 23,962 shares of the company’s stock valued at $616,000 after purchasing an additional 1,294 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Universal Technical Institute by 9.5% in the third quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock valued at $389,000 after purchasing an additional 2,083 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Company Profile

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.