Universal Technical Institute (NYSE:UTI) Coverage Initiated at B. Riley

Analysts at B. Riley started coverage on shares of Universal Technical Institute (NYSE:UTI - Get Free Report) in a research report issued on Friday. The firm set a "buy" rating and a $31.00 price target on the stock. B. Riley's price target would indicate a potential upside of 18.80% from the company's previous close.

Several other research analysts have also weighed in on UTI. Rosenblatt Securities increased their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Northland Securities increased their price target on Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Barrington Research boosted their price objective on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, Lake Street Capital increased their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $32.17.

Universal Technical Institute Trading Up 1.6 %

Shares of UTI traded up $0.42 during midday trading on Friday, reaching $26.10. The company had a trading volume of 173,418 shares, compared to its average volume of 539,476. Universal Technical Institute has a 1-year low of $13.66 and a 1-year high of $30.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $27.28 and a 200-day simple moving average of $23.28. The stock has a market cap of $1.42 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49.

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Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Research analysts forecast that Universal Technical Institute will post 1 EPS for the current fiscal year.

Insider Buying and Selling at Universal Technical Institute

In related news, Director George W. Brochick sold 8,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the sale, the director now owns 34,917 shares in the company, valued at $963,360.03. This represents a 18.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sherrell Smith sold 39,446 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total transaction of $1,098,571.10. Following the transaction, the executive vice president now directly owns 177,912 shares in the company, valued at $4,954,849.20. The trade was a 18.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,219 shares of company stock worth $2,569,895. 15.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Universal Technical Institute

Several institutional investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC acquired a new stake in Universal Technical Institute during the 3rd quarter worth approximately $188,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Universal Technical Institute by 198.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company's stock worth $5,622,000 after purchasing an additional 229,738 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Universal Technical Institute during the third quarter worth $348,000. Independent Advisor Alliance purchased a new position in Universal Technical Institute in the 3rd quarter valued at $189,000. Finally, FMR LLC increased its stake in Universal Technical Institute by 73,048.1% in the 3rd quarter. FMR LLC now owns 879,240 shares of the company's stock valued at $14,296,000 after buying an additional 878,038 shares during the period. Institutional investors and hedge funds 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.