Universal Technical Institute (NYSE:UTI) Now Covered by Analysts at B. Riley

B. Riley began coverage on shares of Universal Technical Institute (NYSE:UTI) in a report released on Friday. The brokerage issued a buy rating and a $31.00 target price on the stock.

UTI has been the subject of several other reports. Barrington Research upped their target price on Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Northland Securities upped their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Lake Street Capital raised their target price on Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Rosenblatt Securities boosted their price target on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Universal Technical Institute currently has an average rating of “Buy” and an average target price of $32.17.

Universal Technical Institute Price Performance

Shares of UTI opened at $25.36 on Friday. Universal Technical Institute has a 52 week low of $13.66 and a 52 week high of $30.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.92 and a beta of 1.49. The stock has a 50 day moving average of $27.30 and a 200-day moving average of $23.12.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. As a group, analysts forecast that Universal Technical Institute will post 1 EPS for the current year.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, EVP Sherrell Smith sold 39,446 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $27.85, for a total transaction of $1,098,571.10. Following the sale, the executive vice president now directly owns 177,912 shares in the company, valued at approximately $4,954,849.20. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George W. Brochick sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total transaction of $220,720.00. Following the completion of the transaction, the director now owns 34,917 shares of the company’s stock, valued at $963,360.03. This trade represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 94,219 shares of company stock valued at $2,569,895 in the last quarter. Corporate insiders own 15.10% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd increased its position in shares of Universal Technical Institute by 24.4% during the 4th quarter. Covestor Ltd now owns 1,977 shares of the company’s stock valued at $51,000 after purchasing an additional 388 shares during the period. Arcadia Investment Management Corp MI acquired a new position in Universal Technical Institute during the fourth quarter worth about $79,000. Quarry LP raised its position 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 acquiring an additional 3,056 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Universal Technical Institute in the 4th quarter valued at about $101,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Universal Technical Institute during the 4th quarter valued at about $118,000. Institutional investors own 75.67% of the company’s stock.

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.