Universal Technical Institute (NYSE:UTI - Free Report) had its price objective raised by Rosenblatt Securities from $30.00 to $36.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.
A number of other analysts have also issued reports on UTI. B. Riley increased their target price on Universal Technical Institute from $22.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Northland Securities raised their price objective on Universal Technical Institute from $24.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Truist Financial lifted their target price on Universal Technical Institute from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Lake Street Capital increased their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, Barrington Research boosted their price objective 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. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $31.17.
View Our Latest Stock Report on UTI
Universal Technical Institute Trading Down 1.8 %
Shares of NYSE:UTI traded down $0.55 during midday trading on Thursday, reaching $29.10. The company had a trading volume of 617,286 shares, compared to its average volume of 597,584. The company has a fifty day simple moving average of $26.20 and a two-hundred day simple moving average of $20.77. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 1.99 and a beta of 1.45. 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 0.42, a quick ratio of 1.08 and a current ratio of 1.14.
Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.40 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 predict that Universal Technical Institute will post 0.99 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Kenneth R. Trammell sold 30,000 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the sale, the director now directly owns 128,205 shares in the company, valued at approximately $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 15.10% of the stock is currently owned by corporate insiders.
Institutional Trading of Universal Technical Institute
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd raised its holdings in Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company's stock worth $26,000 after acquiring an additional 1,564 shares during the period. Quarry LP grew its position in shares of Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company's stock valued at $63,000 after purchasing an additional 3,056 shares during the last quarter. International Assets Investment Management LLC increased its stake 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 worth $66,000 after purchasing an additional 3,815 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Universal Technical Institute during the 4th quarter worth about $79,000. Finally, Morse Asset Management Inc bought a new stake in Universal Technical Institute during the 3rd quarter valued at approximately $152,000. Institutional investors and hedge funds own 75.67% of the company's stock.
About Universal Technical Institute
(
Get Free Report)
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.
See Also
Before you consider Universal Technical Institute, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Universal Technical Institute wasn't on the list.
While Universal Technical Institute currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
