Universal Technical Institute, Inc. (NYSE:UTI) Receives $35.83 Consensus Target Price from Analysts

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have received a consensus rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $35.83.

Several equities research analysts recently issued reports on UTI shares. B. Riley started coverage on Universal Technical Institute in a report on Friday, March 28th. They issued a “buy” rating and a $31.00 price objective on the stock. Barrington Research upped their price target on Universal Technical Institute from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Lake Street Capital restated a “buy” rating and set a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Rosenblatt Securities restated a “buy” rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, May 8th. Finally, Truist Financial raised their target price on Universal Technical Institute from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd.

Universal Technical Institute Price Performance

UTI stock opened at $35.33 on Friday. 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 company has a market capitalization of $1.92 billion, a PE ratio of 36.42, a P/E/G ratio of 1.92 and a beta of 1.61. Universal Technical Institute has a 12-month low of $13.66 and a 12-month high of $36.32. The business’s fifty day moving average price is $30.67 and its 200 day moving average price is $27.92.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.07. The firm had revenue of $207.45 million for the quarter, compared to the consensus estimate of $196.63 million. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. On average, sell-side analysts anticipate that Universal Technical Institute will post 1 EPS for the current year.

Insider Buying and Selling

In related news, Director George W. Brochick sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total transaction of $191,040.00. Following the completion of the sale, the director now owns 32,516 shares in the company, valued at $1,035,309.44. The trade was a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Todd A. Hitchcock sold 27,500 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $33.36, for a total value of $917,400.00. Following the completion of the sale, the chief operating officer now directly owns 80,521 shares of the company’s stock, valued at approximately $2,686,180.56. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,024 shares of company stock worth $3,466,170 over the last 90 days. 15.10% of the stock is owned by insiders.

Institutional Trading of Universal Technical Institute

A number of large investors have recently made changes to their positions in the company. Covestor Ltd boosted its position in shares of Universal Technical Institute by 24.4% in 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. Independent Advisor Alliance boosted its position in shares of Universal Technical Institute by 4.4% in the 4th quarter. Independent Advisor Alliance now owns 12,157 shares of the company’s stock valued at $313,000 after purchasing an additional 507 shares during the period. Principal Financial Group Inc. boosted its position in shares of Universal Technical Institute by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 27,399 shares of the company’s stock valued at $704,000 after purchasing an additional 776 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Universal Technical Institute by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company’s stock valued at $578,000 after purchasing an additional 777 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Universal Technical Institute by 6.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,901 shares of the company’s stock valued at $331,000 after purchasing an additional 783 shares during the period. 75.67% of the stock is owned by institutional investors and hedge funds.

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.