Universal Technical Institute, Inc. (NYSE:UTI) Receives Consensus Rating of “Buy” from Brokerages

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have been given an average rating of “Buy” by the six ratings firms that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $26.33.

UTI has been the subject of several recent analyst reports. Barrington Research lifted their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. B. Riley raised their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Rosenblatt Securities increased their target price on Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Northland Securities boosted their price target on Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, Truist Financial increased their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 21st.

Universal Technical Institute Price Performance

UTI opened at $25.71 on Wednesday. The firm has a market cap of $1.39 billion, a PE ratio of 34.74, a P/E/G ratio of 1.78 and a beta of 1.48. The stock has a 50-day moving average price of $22.42 and a 200-day moving average price of $18.64. Universal Technical Institute has a 1 year low of $12.14 and a 1 year high of $26.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08.

Insider Buying and Selling at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of the business’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 sale, the director now owns 128,205 shares of the company’s stock, valued at $3,323,073.60. The trade was a 18.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 27.60% of the stock is owned by corporate insiders.

Institutional Trading of Universal Technical Institute

Several hedge funds have recently bought and sold shares of UTI. Covestor Ltd raised its stake in shares of Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after buying an additional 1,564 shares during the period. Quarry LP increased its holdings in Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after acquiring an additional 3,056 shares in the last quarter. International Assets Investment Management LLC raised its stake in Universal Technical Institute by 1,526.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after acquiring an additional 3,815 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Universal Technical Institute by 95,120.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after acquiring an additional 9,512 shares during the period. Finally, Morse Asset Management Inc purchased a new position in Universal Technical Institute during the third quarter valued at approximately $152,000. Institutional investors own 75.67% of the company’s stock.

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.