Universal Technical Institute Inc (NYSE:UTI) Receives $42.50 Average Price Target from Brokerages

Shares of Universal Technical Institute Inc (NYSE:UTI) have received an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $44.25.

A number of research analysts recently commented on the company. Rosenblatt Securities increased their price target on Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, May 7th. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Griffin Securities set a $49.00 price target on Universal Technical Institute in a report on Thursday, April 30th. Northland Securities set a $41.00 price target on Universal Technical Institute in a report on Thursday, May 7th. Finally, Barrington Research increased their target price on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th.

Universal Technical Institute Trading Up 10.4%

Shares of UTI opened at $40.40 on Friday. The company has a market capitalization of $2.22 billion, a P/E ratio of 52.47, a P/E/G ratio of 3.21 and a beta of 1.28. Universal Technical Institute has a one year low of $21.29 and a one year high of $41.53. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50-day moving average price of $37.03 and a 200 day moving average price of $31.29.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. The firm had revenue of $221.40 million during the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. Sell-side analysts forecast that Universal Technical Institute will post 0.76 EPS for the current fiscal year.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, COO Todd A. Hitchcock sold 16,500 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $37.33, for a total transaction of $615,945.00. Following the transaction, the chief operating officer owned 104,084 shares of the company’s stock, valued at $3,885,455.72. This trade represents a 13.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sherrell Smith sold 30,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $36.99, for a total value of $1,109,700.00. Following the transaction, the executive vice president directly owned 129,375 shares in the company, valued at approximately $4,785,581.25. This represents a 18.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,211 shares of company stock worth $5,744,337 over the last quarter. 9.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Verdence Capital Advisors LLC lifted its holdings 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 last quarter. Leuthold Group LLC lifted its holdings in 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 buying an additional 439 shares during the last quarter. Verition Fund Management LLC lifted its holdings in Universal Technical Institute by 2.1% during the 3rd quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock worth $685,000 after buying an additional 441 shares during the last quarter. ANB Bank lifted its holdings in Universal Technical Institute by 5.8% during the 1st quarter. ANB Bank now owns 8,960 shares of the company’s stock worth $323,000 after buying an additional 491 shares during the last quarter. Finally, Engineers Gate Manager LP lifted 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 buying an additional 506 shares during the last quarter. Institutional investors 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.