Brokerages Set Universal Technical Institute, Inc. (NYSE:UTI) PT at $31.17

Universal Technical Institute, Inc. (NYSE:UTI) has been given an average recommendation of “Buy” by the six research firms that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $31.17.

Several research analysts have issued reports on UTI shares. Barrington Research raised their price objective on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Rosenblatt Securities raised their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. 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 report on Thursday, November 21st. Lake Street Capital lifted their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Northland Securities lifted their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th.

Universal Technical Institute Trading Up 6.5 %

Shares of Universal Technical Institute stock opened at $28.03 on Monday. Universal Technical Institute has a 1 year low of $13.66 and a 1 year high of $30.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $1.52 billion, a P/E ratio of 28.89, a PEG ratio of 1.92 and a beta of 1.49. The company’s fifty day moving average is $27.15 and its two-hundred day moving average is $22.67.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Analysts forecast that Universal Technical Institute will post 1 earnings per share for the current year.

Insider Activity

In related news, Director George W. Brochick sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the sale, the director now owns 34,917 shares in the company, valued at $963,360.03. This trade represents a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sherrell Smith sold 36,773 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the sale, the executive vice president now owns 227,358 shares of the company’s stock, valued at $6,065,911.44. This trade represents a 13.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.10% of the company’s stock.

Institutional Trading of Universal Technical Institute

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Arcadia Wealth Management Inc. acquired a new stake in shares of Universal Technical Institute in the fourth quarter valued at about $713,000. Pullen Investment Management LLC lifted its stake in shares of Universal Technical Institute by 46.4% in the fourth quarter. Pullen Investment Management LLC now owns 95,410 shares of the company’s stock valued at $2,453,000 after purchasing an additional 30,250 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Universal Technical Institute by 31.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,272 shares of the company’s stock valued at $1,910,000 after purchasing an additional 17,768 shares during the period. Two Sigma Investments LP raised its position in Universal Technical Institute by 27.2% during the fourth quarter. Two Sigma Investments LP now owns 87,074 shares of the company’s stock worth $2,239,000 after acquiring an additional 18,625 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Universal Technical Institute during the fourth quarter worth about $210,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

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.