Universal Technical Institute, Inc. (NYSE:UTI) Receives $21.60 Average PT from Brokerages

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have been assigned an average rating of “Buy” from the five analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is $21.60.

A number of equities research analysts have issued reports on UTI shares. Barrington Research restated an “outperform” rating and set a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, August 7th. Truist Financial started coverage on shares of Universal Technical Institute in a report on Thursday, July 25th. They set a “buy” rating and a $22.00 price target for the company. Northland Securities upped their price target on shares of Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 price objective on shares of Universal Technical Institute in a research report on Wednesday, September 11th.

Insider Activity

In other news, CEO Jerome Alan Grant sold 68,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the completion of the transaction, the chief executive officer now owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 27.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Pullen Investment Management LLC raised its position in Universal Technical Institute by 2.9% in the second quarter. Pullen Investment Management LLC now owns 56,420 shares of the company’s stock worth $887,000 after purchasing an additional 1,600 shares in the last quarter. ClariVest Asset Management LLC raised its position in Universal Technical Institute by 2.7% in the second quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,060 shares in the last quarter. RiverPark Advisors LLC acquired a new position in Universal Technical Institute in the second quarter worth about $43,000. Kennedy Capital Management LLC raised its position in Universal Technical Institute by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 78,640 shares of the company’s stock worth $1,254,000 after purchasing an additional 2,798 shares in the last quarter. Finally, Inspire Investing LLC raised its position in Universal Technical Institute by 13.5% in the third quarter. Inspire Investing LLC now owns 25,556 shares of the company’s stock worth $416,000 after purchasing an additional 3,032 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Stock Up 0.1 %

UTI stock opened at $15.94 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. Universal Technical Institute has a 52-week low of $7.78 and a 52-week high of $19.79. The company has a 50-day moving average of $16.49 and a two-hundred day moving average of $16.07. The stock has a market capitalization of $857.73 million, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Universal Technical Institute had a net margin of 3.82% and a return on equity of 12.66%. The company had revenue of $177.46 million during the quarter, compared to analysts’ expectations of $172.33 million. During the same period in the prior year, the company earned ($0.05) earnings per share. As a group, equities research analysts anticipate that Universal Technical Institute will post 0.71 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.