Analysts Set Universal Technical Institute, Inc. (NYSE:UTI) Price Target at $27.17

Shares of Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) have earned an average rating of "Buy" from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have covered the stock in the last year is $27.17.

Several equities analysts have recently weighed in on UTI shares. Truist Financial boosted their target price on Universal Technical Institute from $22.00 to $26.00 and gave the company a "buy" rating in a research 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. B. Riley raised their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Barrington Research upped their price target on shares of Universal Technical Institute from $25.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, January 17th. Finally, Northland Securities raised their price objective on shares of Universal Technical Institute from $24.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th.

Universal Technical Institute Trading Down 1.0 %

Shares of NYSE:UTI traded down $0.26 during trading on Friday, reaching $26.49. The company's stock had a trading volume of 449,233 shares, compared to its average volume of 377,612. The stock has a market capitalization of $1.44 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 1.84 and a beta of 1.45. Universal Technical Institute has a 12 month low of $13.23 and a 12 month high of $27.29. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. The firm's 50 day simple moving average is $25.42 and its two-hundred day simple moving average is $20.05.

Insider Activity at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction dated 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 sale, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 15.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd lifted its stake in shares of Universal Technical Institute by 6,256.0% during the 3rd 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 last quarter. Quarry LP lifted its position in shares of Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company's stock valued at $63,000 after buying an additional 3,056 shares during the last quarter. International Assets Investment Management LLC lifted 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 valued at $66,000 after buying an additional 3,815 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Universal Technical Institute in the 3rd quarter valued at about $152,000. Finally, ProShare Advisors LLC purchased a new position in shares of Universal Technical Institute in the 2nd quarter worth approximately $167,000. 75.67% of the stock is currently owned by institutional investors.

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.