Universal Technical Institute, Inc. (NYSE:UTI) Receives $25.33 Consensus Target Price from Analysts

Universal Technical Institute, Inc. (NYSE:UTI) has earned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $25.33.

UTI has been the subject of several recent analyst reports. Lake Street Capital raised their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Northland Securities raised their target price on shares of Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Rosenblatt Securities raised their target price on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial raised 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. Finally, B. Riley raised their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Insider Transactions at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 128,205 shares of the company’s stock, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in shares of Universal Technical Institute during the third quarter worth $794,000. Geode Capital Management LLC increased its holdings in Universal Technical Institute by 9.8% in the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after buying an additional 85,417 shares in the last quarter. Guardian Wealth Management Inc. increased its holdings in Universal Technical Institute by 5,347.0% in the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock valued at $1,407,000 after buying an additional 84,964 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Universal Technical Institute in the third quarter valued at $174,000. Finally, Pier Capital LLC increased its holdings in Universal Technical Institute by 57.3% in the third quarter. Pier Capital LLC now owns 553,382 shares of the company’s stock valued at $8,998,000 after buying an additional 201,573 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Performance

Shares of UTI stock opened at $25.65 on Friday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.77 and a beta of 1.48. The company’s 50 day moving average is $19.40 and its 200 day moving average is $17.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. Universal Technical Institute has a 52-week low of $10.46 and a 52-week high of $26.64.

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.