Barrington Research Reiterates “Outperform” Rating for Universal Technical Institute (NYSE:UTI)

Universal Technical Institute (NYSE:UTI)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a note issued to investors on Friday,Benzinga reports. They presently have a $22.00 price target on the stock. Barrington Research’s price target would suggest a potential upside of 12.19% from the stock’s previous close.

Several other brokerages have also issued reports on UTI. Rosenblatt Securities reiterated a “buy” rating and set a $22.00 target price on shares of Universal Technical Institute in a research report on Wednesday, September 11th. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Northland Securities increased their target price on Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Truist Financial started coverage on Universal Technical Institute in a research note on Thursday, July 25th. They set a “buy” rating and a $22.00 price target for the company. Finally, B. Riley increased their price objective 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $22.20.

Universal Technical Institute Price Performance

Universal Technical Institute stock opened at $19.61 on Friday. The business has a 50-day simple moving average of $16.85 and a 200 day simple moving average of $16.48. Universal Technical Institute has a 52 week low of $9.98 and a 52 week high of $20.73. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 1.42 and a beta of 1.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56.

Insider Activity

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total value of $1,192,040.00. Following the completion of the sale, the chief executive officer now owns 136,443 shares in the company, valued at approximately $2,391,845.79. The trade was a 33.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Covestor Ltd grew its holdings in Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after acquiring an additional 1,564 shares during the last quarter. RiverPark Advisors LLC bought a new stake in Universal Technical Institute in the second quarter valued at $43,000. Quarry LP increased its position in Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after purchasing an additional 3,056 shares during the period. International Assets Investment Management LLC raised its holdings in 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 worth $66,000 after purchasing an additional 3,815 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Universal Technical Institute by 95,120.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after purchasing an additional 9,512 shares during the period. 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.