Universal Technical Institute (NYSE:UTI) Reaches New 52-Week High Following Analyst Upgrade

Universal Technical Institute, Inc. (NYSE:UTI)’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 equities analysts have also commented on the stock. Truist Financial lifted their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Northland Securities upped their price target on Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Rosenblatt Securities increased their price target 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. Lake Street Capital lifted their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, B. Riley increased their target price 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. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Universal Technical Institute currently has a consensus rating of “Buy” and an average price target of $27.17.

Insider Activity at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the sale, the director now owns 128,205 shares in the company, valued at $3,323,073.60. The trade was a 18.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 27.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Universal Technical Institute

Large investors have recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Universal Technical Institute by 73,048.1% during the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock worth $14,296,000 after purchasing an additional 878,038 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Universal Technical Institute during the 3rd quarter worth approximately $10,217,000. Harbor Capital Advisors Inc. boosted its holdings in Universal Technical Institute by 362.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock worth $9,691,000 after acquiring an additional 295,408 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Universal Technical Institute by 198.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock valued at $5,622,000 after acquiring an additional 229,738 shares during the period. Finally, Resolute Capital Asset Partners LLC bought a new stake in shares of Universal Technical Institute during the second quarter valued at approximately $3,534,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Price Performance

The business has a 50-day moving average price of $24.65 and a two-hundred day moving average price of $19.60. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 36.14, a price-to-earnings-growth ratio of 1.71 and a beta of 1.45.

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.