Universal Technical Institute Inc (NYSE:UTI) Receives $42.83 Consensus Target Price from Brokerages

Shares of Universal Technical Institute Inc (NYSE:UTI) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $42.8333.

Several equities research analysts recently issued reports on the stock. Northland Securities set a $35.00 price target on shares of Universal Technical Institute in a report on Thursday, September 10th. Texas Capital cut shares of Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a research note on Monday. Truist Financial decreased their target price on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 6th.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, CEO Jerome Grant sold 94,500 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $41.40, for a total value of $3,912,300.00. Following the completion of the transaction, the chief executive officer directly owned 335,715 shares in the company, valued at approximately $13,898,601. This trade represents a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in shares of Universal Technical Institute in the 2nd quarter valued at about $12,135,000. Baird Financial Group Inc. bought a new position in shares of Universal Technical Institute during the second quarter worth about $13,471,000. UBS Group AG raised its position in shares of Universal Technical Institute by 89.0% during the fourth quarter. UBS Group AG now owns 231,717 shares of the company’s stock worth $6,055,000 after acquiring an additional 109,100 shares during the last quarter. Needham Investment Management LLC lifted its stake in shares of Universal Technical Institute by 46.8% in the fourth quarter. Needham Investment Management LLC now owns 807,500 shares of the company’s stock worth $21,100,000 after acquiring an additional 257,500 shares during the period. Finally, MYDA Advisors LLC acquired a new position in shares of Universal Technical Institute in the fourth quarter worth approximately $1,322,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

Shares of UTI stock opened at $20.40 on Friday. The business has a fifty day simple moving average of $28.15 and a 200 day simple moving average of $35.29. The company has a market cap of $1.12 billion, a P/E ratio of 32.90, a P/E/G ratio of 2.27 and a beta of 1.17. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. Universal Technical Institute has a twelve month low of $19.52 and a twelve month high of $51.34.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $218.91 million for the quarter, compared to analysts’ expectations of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. On average, sell-side analysts forecast that Universal Technical Institute will post 0.61 EPS for the current fiscal year.

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary education and training for careers in the transportation, skilled trades and energy industries. The company offers programs in automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, wind energy and other technical fields, combining classroom instruction with hands-on laboratory experience.

Universal Technical Institute operates through a portfolio of specialized school brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute and MIAT College of Technology.