Universal Technical Institute Inc (NYSE:UTI) Receives $43.83 Consensus Target Price from Brokerages

Shares of Universal Technical Institute Inc (NYSE:UTI) have been given an average rating of “Moderate Buy” by the six brokerages that are currently 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 brokerages that have issued ratings on the stock in the last year is $43.8333.

A number of brokerages have recently commented on UTI. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Barrington Research raised their target price on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a report on Thursday, May 7th. Finally, B. Riley Financial cut their target price on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, August 6th.

Universal Technical Institute Stock Down 1.4%

UTI stock opened at $21.31 on Monday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 34.37, a P/E/G ratio of 2.37 and a beta of 1.25. 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 $20.85 and a 1-year high of $51.34. The business has a fifty day moving average price of $36.40 and a 200-day moving average price of $36.59.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $220.40 million. Equities analysts forecast that Universal Technical Institute will post 0.61 earnings per share for the current fiscal year.

Insider Transactions at Universal Technical Institute

In related news, Director Coliseum Capital Management, L sold 3,000,000 shares of the company’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 sale, the director owned 971,440 shares in the company, valued at approximately $40,217,616. This represents a 75.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jerome Alan Grant sold 94,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 335,715 shares in the company, valued at approximately $13,898,601. This represents a 21.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,102,545 shares of company stock valued at $128,449,570. Corporate insiders own 9.80% of the company’s stock.

Hedge Funds Weigh In On Universal Technical Institute

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Universal Technical Institute during the second quarter valued at about $323,080,000. California State Teachers Retirement System raised its stake in shares of Universal Technical Institute by 3,504.2% in the second quarter. California State Teachers Retirement System now owns 2,423,434 shares of the company’s stock worth $103,650,000 after buying an additional 2,356,195 shares during the period. Coliseum Capital Management LLC raised its stake in shares of Universal Technical Institute by 46.2% in the fourth quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock worth $103,774,000 after buying an additional 1,255,173 shares during the period. Conestoga Capital Advisors LLC lifted its position in shares of Universal Technical Institute by 1,366.0% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company’s stock valued at $46,646,000 after buying an additional 1,203,985 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Universal Technical Institute by 132.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock valued at $52,217,000 after buying an additional 1,140,465 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Company Profile

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.