Analysts Set Universal Technical Institute Inc (NYSE:UTI) PT at $35.83

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

Several brokerages recently issued reports on UTI. Barrington Research restated an “outperform” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, June 12th. Lake Street Capital restated a “buy” rating and set a $38.00 price objective (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. B. Riley began coverage on Universal Technical Institute in a research report on Friday, March 28th. They set a “buy” rating and a $31.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, May 8th. Finally, Truist Financial lifted their price objective 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.

Insiders Place Their Bets

In other Universal Technical Institute news, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction that occurred on 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. The trade was a 25.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George W. Brochick sold 6,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total transaction of $191,040.00. Following the sale, the director now directly owns 32,516 shares of the company’s stock, valued at $1,035,309.44. This represents a 15.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,805 shares of company stock valued at $1,116,995. Company insiders own 15.10% of the company’s stock.

Institutional Trading of Universal Technical Institute

Institutional investors have recently made changes to their positions in the stock. Covestor Ltd grew its stake in shares of Universal Technical Institute by 24.4% during the 4th quarter. Covestor Ltd now owns 1,977 shares of the company’s stock valued at $51,000 after buying an additional 388 shares during the period. CWM LLC grew its stake in shares of Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company’s stock valued at $56,000 after buying an additional 1,110 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Universal Technical Institute during the 1st quarter valued at $57,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Universal Technical Institute during the 1st quarter valued at $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Universal Technical Institute during the 1st quarter valued at $68,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Price Performance

UTI stock opened at $34.43 on Wednesday. The firm has a 50 day moving average of $32.64 and a 200-day moving average of $28.78. Universal Technical Institute has a 12-month low of $15.06 and a 12-month high of $36.32. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 2.10 and a beta of 1.61.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. Universal Technical Institute had a return on equity of 21.40% and a net margin of 7.34%. The firm had revenue of $207.45 million during the quarter, compared to the consensus estimate of $196.63 million. As a group, equities analysts expect that Universal Technical Institute will post 1 EPS for the current fiscal year.

About Universal Technical Institute

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.