Universal Technical Institute, Inc. (NYSE:UTI) Given Average Recommendation of "Buy" by Brokerages

Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) has earned a consensus recommendation of "Buy" from the six research firms that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $31.17.

A number of research firms have recently issued reports on UTI. Lake Street Capital lifted their price objective on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Northland Securities lifted their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Barrington Research lifted 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. 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. Finally, B. Riley lifted their price objective 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.

Insider Activity at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the firm'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 transaction, the director now directly owns 128,205 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Universal Technical Institute

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its position in Universal Technical Institute by 6,256.0% during the third quarter. Covestor Ltd now owns 1,589 shares of the company's stock worth $26,000 after purchasing an additional 1,564 shares during the period. Arcadia Investment Management Corp MI bought a new position in Universal Technical Institute during the fourth quarter worth $79,000. Quarry LP boosted its position in Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company's stock worth $63,000 after purchasing an additional 3,056 shares during the period. Lazard Asset Management LLC bought a new position in Universal Technical Institute during the fourth quarter worth $101,000. Finally, International Assets Investment Management LLC boosted its position in 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 purchasing an additional 3,815 shares during the period. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Stock Down 8.1 %

UTI stock traded down $2.34 during mid-day trading on Thursday, hitting $26.50. 812,582 shares of the company were exchanged, compared to its average volume of 692,806. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $1.44 billion, a P/E ratio of 27.32, a P/E/G ratio of 1.92 and a beta of 1.45. The firm's 50 day simple moving average is $26.70 and its 200 day simple moving average is $21.43. Universal Technical Institute has a 1-year low of $13.66 and a 1-year high of $30.56.

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%. On average, sell-side analysts predict that Universal Technical Institute will post 1 EPS for the current fiscal year.

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.