Universal Technical Institute (NYSE:UTI) Cut to Hold at Texas Capital

Universal Technical Institute (NYSE:UTI) was downgraded by equities research analysts at Texas Capital from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Several other research firms have also commented on UTI. Weiss Ratings upgraded shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 target price on shares of Universal Technical Institute in a report on Thursday, August 6th. Northland Securities set a $35.00 price target on Universal Technical Institute in a research report on Thursday, September 10th. B. Riley Financial dropped their price target on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Truist Financial cut their price objective on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Universal Technical Institute presently has an average rating of “Moderate Buy” and a consensus price target of $42.83.

Universal Technical Institute Stock Down 3.8%

Shares of NYSE UTI opened at $20.66 on Monday. The stock has a market capitalization of $1.14 billion, a P/E ratio of 33.32, a P/E/G ratio of 2.36 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. Universal Technical Institute has a 1 year low of $19.52 and a 1 year high of $51.34. The company has a 50-day moving average price of $28.68 and a 200-day moving average price of $35.40.

Universal Technical Institute (NYSE:UTI) last posted its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%.The company had revenue of $218.91 million for the quarter, compared to analyst estimates of $220.40 million. On average, equities research analysts forecast that Universal Technical Institute will post 0.61 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jerome Grant sold 94,500 shares of Universal Technical Institute stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $41.40, for a total value of $3,912,300.00. Following the sale, the chief executive officer owned 335,715 shares of the company’s stock, valued at approximately $13,898,601. The trade was a 21.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UTI. Nykredit A S purchased a new stake in shares of Universal Technical Institute during the second quarter worth $25,000. PNC Financial Services Group Inc. grew its position in shares of Universal Technical Institute by 543.5% in the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $32,000 after purchasing an additional 750 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of Universal Technical Institute by 187.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after purchasing an additional 943 shares in the last quarter. State of Wyoming bought a new stake in shares of Universal Technical Institute during the 2nd quarter valued at $109,000. Finally, Brady Martz Wealth Solutions LLC purchased a new stake in Universal Technical Institute during the 1st quarter worth about $203,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary education and training for careers in the transportation, skilled trades and energy industries. The company offers programs in automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, wind energy and other technical fields, combining classroom instruction with hands-on laboratory experience.

Universal Technical Institute operates through a portfolio of specialized school brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute and MIAT College of Technology.