Brokerages Set Universal Technical Institute, Inc. (NYSE:UTI) Price Target at $31.17

Universal Technical Institute, Inc. (NYSE:UTI) has been given a consensus recommendation of “Buy” by the six analysts that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $31.17.

A number of research firms have issued reports on UTI. Northland Securities increased their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Barrington Research increased their target price on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Truist Financial increased 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. Rosenblatt Securities increased their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Lake Street Capital increased their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th.

Insider Activity

In other news, Director George W. Brochick sold 8,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the sale, the director now directly owns 34,917 shares in the company, valued at approximately $963,360.03. This trade represents a 18.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sherrell Smith sold 36,773 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the sale, the executive vice president now owns 227,358 shares in the company, valued at $6,065,911.44. The trade was a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.10% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arcadia Wealth Management Inc. acquired a new stake in Universal Technical Institute during the 4th quarter worth $713,000. Pullen Investment Management LLC raised its stake in Universal Technical Institute by 46.4% during the 4th quarter. Pullen Investment Management LLC now owns 95,410 shares of the company’s stock worth $2,453,000 after acquiring an additional 30,250 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Universal Technical Institute by 31.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,272 shares of the company’s stock worth $1,910,000 after acquiring an additional 17,768 shares in the last quarter. Two Sigma Investments LP raised its stake in Universal Technical Institute by 27.2% during the 4th quarter. Two Sigma Investments LP now owns 87,074 shares of the company’s stock worth $2,239,000 after acquiring an additional 18,625 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in Universal Technical Institute during the 4th quarter worth $210,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $28.03 on Monday. 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 $1.52 billion, a P/E ratio of 28.89, a PEG ratio of 1.92 and a beta of 1.49. The company has a 50 day moving average price of $27.15 and a 200 day moving average price of $22.67. 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 data on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 research analysts forecast that Universal Technical Institute will post 1 EPS for the current year.

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.