Universal Technical Institute (NYSE:UTI) Sets New 1-Year High on Analyst Upgrade

Universal Technical Institute, Inc. (NYSE:UTIGet Free Report)’s stock price reached a new 52-week high during trading on Friday after Barrington Research raised their price target on the stock from $25.00 to $30.00. Barrington Research currently has an outperform rating on the stock. Universal Technical Institute traded as high as $27.08 and last traded at $26.73, with a volume of 193077 shares traded. The stock had previously closed at $26.00.

A number of other research firms also recently weighed in on UTI. Northland Securities increased their target price on Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Truist Financial increased their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities boosted 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 report on Tuesday, November 26th. B. Riley upped their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Lake Street Capital lifted their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $27.17.

Check Out Our Latest Stock Analysis on UTI

Insiders Place Their Bets

In related news, Director Kenneth R. Trammell sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total value of $777,600.00. Following the transaction, the director now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Universal Technical Institute by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,004,788 shares of the company’s stock worth $31,533,000 after acquiring an additional 36,135 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 85,417 shares during the period. FMR LLC lifted its holdings in shares of Universal Technical Institute by 73,048.1% in the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock worth $14,296,000 after acquiring an additional 878,038 shares during the last quarter. State Street Corp lifted its holdings in shares of Universal Technical Institute by 3.6% in the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock worth $13,920,000 after acquiring an additional 29,461 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Universal Technical Institute by 5.4% in the 2nd quarter. American Century Companies Inc. now owns 765,562 shares of the company’s stock worth $12,042,000 after acquiring an additional 39,553 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Performance

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.44 billion, a PE ratio of 35.91, a PEG ratio of 1.71 and a beta of 1.45. The business’s 50 day moving average is $24.77 and its 200 day moving average is $19.69.

About Universal Technical Institute

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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.

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