Universal Technical Institute Inc (NYSE:UTI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Universal Technical Institute Inc (NYSE:UTI) has received an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $44.80.

A number of research firms have commented on UTI. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 7th. Truist Financial upped their price target on shares of Universal Technical Institute from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Rosenblatt Securities increased their price objective on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a research report on Thursday, April 30th. Finally, B. Riley Financial restated a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th.

Universal Technical Institute Stock Up 5.5%

NYSE UTI opened at $41.23 on Thursday. The stock’s 50-day moving average price is $41.67 and its 200-day moving average price is $36.54. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. Universal Technical Institute has a 52 week low of $21.29 and a 52 week high of $51.34. The company has a market capitalization of $2.27 billion, a P/E ratio of 53.55, a price-to-earnings-growth ratio of 3.43 and a beta of 1.23.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $221.40 million for the quarter, compared to analysts’ expectations of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. On average, equities research analysts predict that Universal Technical Institute will post 0.76 earnings per share for the current year.

Insider Activity at Universal Technical Institute

In other news, Director Linda J. Srere sold 15,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $36.59, for a total value of $548,850.00. Following the transaction, the director owned 127,564 shares of the company’s stock, valued at approximately $4,667,566.76. The trade was a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the completion of the transaction, the director directly owned 971,440 shares in the company, valued at $40,217,616. This trade represents a 75.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,117,545 shares of company stock worth $128,998,420 in the last three months. Corporate insiders own 9.80% of the company’s stock.

Institutional Trading of Universal Technical Institute

A number of institutional investors and hedge funds have recently bought and sold shares of UTI. Royal Bank of Canada lifted its stake in Universal Technical Institute by 47.6% in the 1st quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock worth $1,144,000 after purchasing an additional 14,364 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Universal Technical Institute during the first quarter valued at about $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Universal Technical Institute by 23.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock valued at $711,000 after purchasing an additional 5,216 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Universal Technical Institute in the first quarter worth about $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Universal Technical Institute by 13.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock worth $2,163,000 after purchasing an additional 9,951 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors.

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.