Universal Technical Institute (NYSE:UTI) Reaches New 1-Year High Following Analyst Upgrade

Shares of Universal Technical Institute, Inc. (NYSE:UTI) reached a new 52-week high during trading on Thursday after Barrington Research raised their price target on the stock from $22.00 to $25.00. Barrington Research currently has an outperform rating on the stock. Universal Technical Institute traded as high as $21.00 and last traded at $21.00, with a volume of 736 shares trading hands. The stock had previously closed at $19.89.

Several other analysts also recently weighed in on the stock. B. Riley boosted their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Lake Street Capital upped 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. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Northland Securities upped their target price on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Truist Financial boosted their price target on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Universal Technical Institute has an average rating of “Buy” and a consensus target price of $24.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Universal Technical Institute by 55.0% in the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock worth $37,872,000 after acquiring an additional 842,765 shares in the last quarter. American International Group Inc. raised its position in shares of Universal Technical Institute by 19.6% during the 1st quarter. American International Group Inc. now owns 19,494 shares of the company’s stock valued at $311,000 after buying an additional 3,194 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Universal Technical Institute in the 1st quarter worth approximately $181,000. Price T Rowe Associates Inc. MD lifted its position in Universal Technical Institute by 11.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,375 shares of the company’s stock worth $532,000 after buying an additional 3,446 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in shares of Universal Technical Institute by 3.7% during the 1st 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 during the period. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Up 18.7 %

The company has a 50-day simple moving average of $17.20 and a 200-day simple moving average of $16.62. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $1.27 billion, a PE ratio of 47.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.34.

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.