Universal Technical Institute (NYSE:UTI) Price Target Raised to $30.00 at Northland Securities

Universal Technical Institute (NYSE:UTI - Get Free Report) had its price objective increased by stock analysts at Northland Securities from $24.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Northland Securities' target price indicates a potential upside of 18.02% from the company's current price.

Several other brokerages have also commented on UTI. Truist Financial raised their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Barrington Research lifted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Lake Street Capital increased their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, B. Riley increased their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $26.33.

Universal Technical Institute Price Performance

Shares of NYSE:UTI traded up $0.61 during trading on Thursday, reaching $25.42. The company had a trading volume of 379,845 shares, compared to its average volume of 532,663. The company has a fifty day moving average of $21.06 and a two-hundred day moving average of $18.04. The stock has a market capitalization of $1.37 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 1.78 and a beta of 1.48. Universal Technical Institute has a 12 month low of $11.09 and a 12 month high of $26.71. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling

In related news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the transaction, the director now directly owns 128,205 shares in the company, valued at approximately $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 27.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Universal Technical Institute

A number of institutional investors and hedge funds have recently bought and sold shares of UTI. Guardian Wealth Management Inc. raised its position in Universal Technical Institute by 5,347.0% during the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company's stock worth $1,407,000 after acquiring an additional 84,964 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Universal Technical Institute by 37.2% during the second quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company's stock worth $8,162,000 after buying an additional 140,600 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Universal Technical Institute by 198.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company's stock valued at $5,622,000 after buying an additional 229,738 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Universal Technical Institute during the second quarter worth $3,103,000. Finally, International Assets Investment Management LLC increased its position in shares of Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company's stock worth $66,000 after acquiring an additional 3,815 shares during the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

About Universal Technical Institute

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.