Universal Technical Institute (NYSE:UTI) Given “Outperform” Rating at Barrington Research

Universal Technical Institute (NYSE:UTI)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $36.00 target price on the stock. Barrington Research’s target price would suggest a potential upside of 6.98% from the stock’s previous close.

Several other brokerages also recently commented on UTI. Rosenblatt Securities reaffirmed a “buy” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 8th. Truist Financial lifted their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Lake Street Capital restated a “buy” rating and set a $38.00 price objective (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Finally, B. Riley started coverage on shares of Universal Technical Institute in a research report on Friday, March 28th. They issued a “buy” rating and a $31.00 price target on the stock. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Universal Technical Institute presently has an average rating of “Buy” and a consensus target price of $35.83.

Universal Technical Institute Trading Up 1.9%

Shares of UTI stock opened at $33.65 on Thursday. The company’s fifty day simple moving average is $31.37 and its two-hundred day simple moving average is $28.23. Universal Technical Institute has a 1 year low of $13.66 and a 1 year high of $36.32. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 1.92 and a beta of 1.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14.

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

Insider Activity at Universal Technical Institute

In related news, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $33.36, for a total value of $917,400.00. Following the completion of the transaction, the chief operating officer now owns 80,521 shares in the company, valued at approximately $2,686,180.56. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director George W. Brochick sold 6,000 shares of Universal Technical Institute stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total value of $191,040.00. Following the completion of the transaction, the director now owns 32,516 shares of the company’s stock, valued at approximately $1,035,309.44. This trade represents a 15.58% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,024 shares of company stock valued at $3,466,170. Corporate insiders own 15.10% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Several hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd increased its position in shares of Universal Technical Institute by 24.4% during the fourth quarter. Covestor Ltd now owns 1,977 shares of the company’s stock worth $51,000 after acquiring an additional 388 shares during the period. CWM LLC boosted its stake in Universal Technical Institute by 105.0% in the first quarter. CWM LLC now owns 2,167 shares of the company’s stock valued at $56,000 after acquiring an additional 1,110 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Universal Technical Institute in the 1st quarter worth $57,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Universal Technical Institute during the first quarter valued at about $61,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Universal Technical Institute during the 1st quarter valued at approximately $68,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc 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.