Universal Technical Institute (NYSE:UTI) Earns Outperform Rating from Barrington Research

Universal Technical Institute (NYSE:UTIGet Free Report)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a report issued on Thursday,Benzinga reports. They currently have a $36.00 target price on the stock. Barrington Research’s price objective would indicate a potential upside of 41.18% from the stock’s current price.

A number of other research firms have also recently commented on UTI. Rosenblatt Securities restated a “buy” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Universal Technical Institute in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

Read Our Latest Stock Analysis on UTI

Universal Technical Institute Trading Up 3.0%

NYSE:UTI opened at $25.50 on Thursday. The company has a 50-day moving average price of $26.70 and a 200-day moving average price of $28.22. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 2.15 and a beta of 1.36. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.29. Universal Technical Institute has a 12 month low of $21.29 and a 12 month high of $36.32.

Universal Technical Institute (NYSE:UTIGet Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $220.84 million during the quarter, compared to the consensus estimate of $216.65 million. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. Equities analysts predict that Universal Technical Institute will post 1 EPS for the current year.

Insiders Place Their Bets

In related news, Director Coliseum Capital Management, L acquired 467,020 shares of Universal Technical Institute stock in a transaction that occurred on Tuesday, December 2nd. The stock was bought at an average price of $24.40 per share, with a total value of $11,395,288.00. Following the transaction, the director directly owned 3,424,374 shares in the company, valued at approximately $83,554,725.60. This represents a 15.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders purchased 1,255,173 shares of company stock worth $30,812,798. 9.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Universal Technical Institute

A number of institutional investors have recently modified their holdings of UTI. Newbridge Financial Services Group Inc. bought a new position in shares of Universal Technical Institute during the second quarter valued at $27,000. Penserra Capital Management LLC purchased a new stake in Universal Technical Institute during the 2nd quarter valued at about $28,000. KBC Group NV purchased a new stake in Universal Technical Institute during the 2nd quarter valued at about $34,000. PNC Financial Services Group Inc. increased its stake in Universal Technical Institute by 17,142.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock valued at $41,000 after purchasing an additional 1,200 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in Universal Technical Institute in the first quarter worth about $57,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Universal Technical Institute

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Universal Technical Institute Company Profile

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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.

Further Reading

Analyst Recommendations for Universal Technical Institute (NYSE:UTI)

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