Universal Technical Institute (NYSE:UTI) Price Target Raised to $45.00 at Rosenblatt Securities

Universal Technical Institute (NYSE:UTI) had its price target hoisted by equities research analysts at Rosenblatt Securities from $36.00 to $45.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 35.69% from the stock’s previous close.

Several other brokerages have also recently commented on UTI. Zacks Research upgraded shares of Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Griffin Securities set a $49.00 price objective on Universal Technical Institute in a research note on Thursday, April 30th. Barrington Research upped their price objective on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.80.

Universal Technical Institute Trading Down 10.3%

UTI stock traded down $3.80 during midday trading on Thursday, reaching $33.16. The stock had a trading volume of 88,132 shares, compared to its average volume of 682,679. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.29. Universal Technical Institute has a twelve month low of $21.29 and a twelve month high of $40.41. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 3.34 and a beta of 1.28. The business has a fifty day simple moving average of $36.42 and a two-hundred day simple moving average of $30.84.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. The company had revenue of $221.40 million during the quarter, compared to analysts’ expectations of $221.61 million. As a group, research analysts expect that Universal Technical Institute will post 0.77 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director George W. Brochick sold 5,000 shares of Universal Technical Institute stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $36.59, for a total transaction of $182,950.00. Following the transaction, the director owned 27,516 shares in the company, valued at $1,006,810.44. The trade was a 15.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jerome Alan Grant sold 60,040 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $34.95, for a total transaction of $2,098,398.00. Following the completion of the transaction, the chief executive officer directly owned 430,215 shares of the company’s stock, valued at approximately $15,036,014.25. This trade represents a 12.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 145,961 shares of company stock valued at $5,248,127. Company insiders own 9.80% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Several hedge funds have recently modified their holdings of the company. Verdence Capital Advisors LLC boosted its position in Universal Technical Institute by 3.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 11,259 shares of the company’s stock worth $383,000 after buying an additional 367 shares during the period. Leuthold Group LLC boosted its position in shares of 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 purchasing an additional 439 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of Universal Technical Institute by 2.1% in the 3rd quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock worth $685,000 after purchasing an additional 441 shares in the last quarter. ANB Bank boosted its stake in Universal Technical Institute by 5.8% during the 1st 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. Finally, Engineers Gate Manager LP boosted its holdings in Universal Technical Institute by 4.3% during the 2nd quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock worth $417,000 after acquiring an additional 506 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

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.