Universal Technical Institute (NYSE:UTI) Price Target Raised to $30.00

Universal Technical Institute (NYSE:UTI) had its price objective increased by Barrington Research from $25.00 to $30.00 in a research note published on Friday morning,Benzinga reports. Barrington Research currently has an outperform rating on the stock.

A number of other equities research analysts have also recently commented on UTI. Rosenblatt Securities lifted their target price on Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Lake Street Capital lifted their target price on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Truist Financial boosted their price objective on 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 boosted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Northland Securities boosted their price objective on Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $27.17.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $26.57 on Friday. The stock has a market cap of $1.44 billion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 1.71 and a beta of 1.45. Universal Technical Institute has a 1-year low of $13.23 and a 1-year high of $27.10. 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’s fifty day simple moving average is $24.77 and its two-hundred day simple moving average is $19.72.

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 stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the transaction, the director now owns 128,205 shares of the company’s stock, valued at $3,323,073.60. The trade was a 18.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UTI. Covestor Ltd grew its holdings in Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after buying an additional 1,564 shares in the last quarter. Quarry LP grew its holdings in shares of Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after purchasing an additional 3,056 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Universal Technical Institute by 1,526.0% during the third 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. Morse Asset Management Inc purchased a new position in shares of Universal Technical Institute during the third quarter worth about $152,000. Finally, ProShare Advisors LLC purchased a new position in shares of Universal Technical Institute during the second quarter worth about $167,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

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.