Universal Technical Institute (NYSE:UTI) Shares Up 4.5% Following Analyst Upgrade

Shares of Universal Technical Institute, Inc. (NYSE:UTI) rose 4.5% on Thursday after Northland Securities raised their price target on the stock from $24.00 to $30.00. Northland Securities currently has an outperform rating on the stock. Universal Technical Institute traded as high as $26.09 and last traded at $25.92. 147,404 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 531,678 shares. The stock had previously closed at $24.81.

UTI has been the topic of several other research reports. Rosenblatt Securities lifted their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Truist Financial lifted their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. B. Riley increased their price target 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. Barrington Research raised their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Lake Street Capital upped their target price on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $26.33.

Insider Transactions at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the transaction, the director now owns 128,205 shares in the company, valued at $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

A number of large investors have recently added to or reduced their stakes in the stock. Guardian Wealth Management Inc. boosted its stake in shares of Universal Technical Institute by 5,347.0% in the 3rd quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock worth $1,407,000 after buying an additional 84,964 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Universal Technical Institute by 37.2% in the second quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock valued at $8,162,000 after acquiring an additional 140,600 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Universal Technical Institute by 198.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock worth $5,622,000 after purchasing an additional 229,738 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Universal Technical Institute during the 2nd quarter valued at about $3,103,000. Finally, International Assets Investment Management LLC increased its position in shares of Universal Technical Institute by 1,526.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after purchasing an additional 3,815 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Up 2.5 %

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.37 billion, a P/E ratio of 34.35, a PEG ratio of 1.78 and a beta of 1.48. The company’s 50 day moving average price is $21.06 and its two-hundred day moving average price is $18.04.

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.