Rosenblatt Securities Increases Universal Technical Institute (NYSE:UTI) Price Target to $36.00

Universal Technical Institute (NYSE:UTI) had its target price lifted by investment analysts at Rosenblatt Securities from $30.00 to $36.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 21.44% from the company’s previous close.

UTI has been the subject of several other research reports. B. Riley increased their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Truist Financial raised their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barrington Research raised their price target on shares of Universal Technical Institute from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Lake Street Capital raised their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Northland Securities raised their price target on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $31.17.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $29.65 on Thursday. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 40.06, a PEG ratio of 1.90 and a beta of 1.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a 50 day simple moving average of $26.20 and a 200 day simple moving average of $20.74. Universal Technical Institute has a one year low of $13.23 and a one year high of $30.56.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 5.34% and a return on equity of 16.41%. Research analysts predict that Universal Technical Institute will post 0.96 earnings per share for the current fiscal year.

Insider Transactions at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of the 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 directly owns 128,205 shares in the company, valued at $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 15.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Universal Technical Institute

Large investors have recently modified their holdings of the company. Covestor Ltd grew its holdings in 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 purchasing an additional 1,564 shares during the period. Quarry LP grew its holdings in Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after purchasing an additional 3,056 shares during the period. International Assets Investment Management LLC grew its holdings in Universal Technical Institute by 1,526.0% in the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after purchasing an additional 3,815 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in Universal Technical Institute in the fourth quarter worth $79,000. Finally, Morse Asset Management Inc acquired a new stake in Universal Technical Institute in the third quarter worth $152,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

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.