Brokerages Set Universal Technical Institute Inc (NYSE:UTI) PT at $44.80

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

A number of equities research analysts have recently commented on the company. Rosenblatt Securities raised their price target on Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Northland Securities set a $41.00 target price on Universal Technical Institute in a research note on Thursday, May 7th. Weiss Ratings cut Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. B. Riley Financial restated a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Finally, Barrington Research lifted their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th.

Insider Buying and Selling at Universal Technical Institute

In related news, CAO Christine Kline sold 3,500 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $44.42, for a total transaction of $155,470.00. Following the sale, the chief accounting officer directly owned 43,006 shares in the company, valued at $1,910,326.52. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jerome Alan Grant sold 94,500 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $41.40, for a total value of $3,912,300.00. Following the transaction, the chief executive officer owned 335,715 shares of the company’s stock, valued at approximately $13,898,601. This trade represents a 21.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,117,545 shares of company stock valued at $128,998,420 over the last quarter. 9.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Universal Technical Institute

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Leuthold Group LLC boosted its position in Universal Technical Institute by 0.3% during the 4th quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock worth $3,704,000 after acquiring an additional 439 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Universal Technical Institute by 2.1% during the 3rd quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock worth $685,000 after acquiring an additional 441 shares in the last quarter. ANB Bank raised its holdings in shares of Universal Technical Institute by 5.8% in the first quarter. ANB Bank now owns 8,960 shares of the company’s stock valued at $323,000 after purchasing an additional 491 shares during the last quarter. Engineers Gate Manager LP lifted its position in shares of Universal Technical Institute by 4.3% in the second quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock worth $417,000 after purchasing an additional 506 shares in the last quarter. Finally, SkyView Investment Advisors LLC lifted its position in shares of Universal Technical Institute by 1.2% in the second quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock worth $1,460,000 after purchasing an additional 506 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

UTI opened at $48.72 on Friday. 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 12 month low of $21.29 and a 12 month high of $51.34. The company has a fifty day simple moving average of $40.80 and a 200 day simple moving average of $35.17. The stock has a market cap of $2.68 billion, a P/E ratio of 63.27, a P/E/G ratio of 4.34 and a beta of 1.23.

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

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.