Universal Technical Institute (NYSE:UTI) Price Target Raised to $36.00

Universal Technical Institute (NYSE:UTI) had its price objective increased by equities research analysts at Rosenblatt Securities from $30.00 to $36.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 21.44% from the stock’s previous close.

A number of other research analysts have also recently issued reports on UTI. Truist Financial lifted their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. B. Riley raised their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Lake Street Capital raised their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barrington Research raised their price target on shares of Universal Technical Institute from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Finally, Northland Securities raised their price target on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $31.17.

Universal Technical Institute Stock Up 0.4 %

Shares of NYSE UTI opened at $29.65 on Thursday. The stock has a market capitalization of $1.61 billion, a P/E ratio of 40.06, a P/E/G ratio of 1.90 and a beta of 1.45. The company has a 50-day moving average price of $26.20 and a 200-day moving average price of $20.74. Universal Technical Institute has a 1 year low of $13.23 and a 1 year high of $30.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 5.34% and a return on equity of 16.41%. On average, equities research analysts forecast that Universal Technical Institute will post 0.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the sale, the director now owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 15.10% of the company’s stock.

Institutional Trading of Universal Technical Institute

Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position in shares of Universal Technical Institute by 30.1% in the second quarter. The Manufacturers Life Insurance Company now owns 15,038 shares of the company’s stock valued at $237,000 after purchasing an additional 3,482 shares during the period. SG Americas Securities LLC bought a new stake in shares of Universal Technical Institute in the third quarter valued at approximately $243,000. Inspire Investing LLC raised its position in shares of Universal Technical Institute by 13.5% in the third quarter. Inspire Investing LLC now owns 25,556 shares of the company’s stock valued at $416,000 after purchasing an additional 3,032 shares during the period. International Assets Investment Management LLC raised its position in shares of Universal Technical Institute by 1,526.0% in the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after purchasing an additional 3,815 shares during the period. Finally, Pullen Investment Management LLC raised its position in shares of Universal Technical Institute by 15.5% in the third quarter. Pullen Investment Management LLC now owns 65,160 shares of the company’s stock valued at $1,060,000 after purchasing an additional 8,740 shares during the period. Institutional investors own 75.67% of the company’s stock.

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.