Analysts Set Universal Technical Institute, Inc. (NYSE:UTI) PT at $27.17

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have covered the stock in the last year is $27.17.

Several research firms have commented on UTI. Rosenblatt Securities upped their price objective 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. Lake Street Capital raised their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Northland Securities lifted their price objective on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Truist Financial increased their target price on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Barrington Research lifted their price target on Universal Technical Institute from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, January 17th.

Insider Transactions at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of the business’s 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 approximately $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 15.10% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its holdings in shares of Universal Technical Institute by 37.4% in the 4th quarter. Rhumbline Advisers now owns 71,407 shares of the company’s stock worth $1,836,000 after buying an additional 19,453 shares during the last quarter. Precision Wealth Strategies LLC bought a new position in Universal Technical Institute in the fourth quarter valued at $632,000. Wedge Capital Management L L P NC purchased a new stake in Universal Technical Institute during the fourth quarter valued at about $1,041,000. Hennessy Advisors Inc. lifted its stake in Universal Technical Institute by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company’s stock worth $17,763,000 after purchasing an additional 44,100 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Universal Technical Institute by 362.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock worth $9,691,000 after purchasing an additional 295,408 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Stock Up 5.4 %

Shares of NYSE UTI opened at $27.73 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $1.51 billion, a PE ratio of 37.47, a P/E/G ratio of 1.84 and a beta of 1.45. Universal Technical Institute has a one year low of $13.23 and a one year high of $27.75. The business’s fifty day moving average price is $25.88 and its 200-day moving average price is $20.31.

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.