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

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have received an average rating of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is $31.17.

A number of analysts have recently commented on UTI shares. Lake Street Capital boosted their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Truist Financial increased 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 report on Thursday, November 21st. Northland Securities boosted their price target on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Barrington Research increased their price target on Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Rosenblatt Securities lifted their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th.

Universal Technical Institute Stock Up 4.1 %

UTI opened at $26.84 on Monday. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.92 and a beta of 1.49. The company has a fifty day moving average of $27.06 and a two-hundred day moving average of $22.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. Universal Technical Institute has a fifty-two week low of $13.66 and a fifty-two week high of $30.56.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. On average, research analysts expect that Universal Technical Institute will post 1 earnings per share for the current year.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the sale, the director now owns 34,917 shares of the company’s stock, valued at $963,360.03. The trade was 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 through this link. Company insiders own 15.10% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors and hedge funds have recently modified their holdings of UTI. Covestor Ltd grew its position in Universal Technical Institute by 24.4% in the 4th quarter. Covestor Ltd now owns 1,977 shares of the company’s stock valued at $51,000 after acquiring an additional 388 shares in the last quarter. Quarry LP increased its stake in Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after buying an additional 3,056 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Universal Technical Institute during the 4th quarter worth approximately $79,000. Lazard Asset Management LLC acquired a new stake in Universal Technical Institute during the 4th quarter worth approximately $101,000. Finally, Aquatic Capital Management LLC purchased a new position in Universal Technical Institute in the 4th quarter valued at approximately $118,000. Hedge funds and other 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.