Universal Technical Institute, Inc. (NYSE:UTI) Receives $31.17 Average Price Target from Analysts

Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) has been given a consensus rating of "Buy" by the six brokerages that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $31.17.

A number of analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Lake Street Capital increased their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Barrington Research increased their target price on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Northland Securities increased their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, Rosenblatt Securities increased their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, February 6th.

Insider Buying and Selling

In other news, Director George W. Brochick sold 8,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total transaction of $220,720.00. Following the transaction, the director now owns 34,917 shares in the company, valued at approximately $963,360.03. This trade represents a 18.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sherrell Smith sold 36,773 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the sale, the executive vice president now owns 227,358 shares in the company, valued at $6,065,911.44. This represents a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.10% of the company's stock.

Remove Ads

Institutional Trading of Universal Technical Institute

Institutional investors have recently made changes to their positions in the business. Covestor Ltd raised its stake in shares of Universal Technical Institute by 24.4% in the fourth quarter. Covestor Ltd now owns 1,977 shares of the company's stock worth $51,000 after acquiring an additional 388 shares during the last quarter. Independent Advisor Alliance boosted its holdings in Universal Technical Institute by 4.4% during the fourth quarter. Independent Advisor Alliance now owns 12,157 shares of the company's stock worth $313,000 after purchasing an additional 507 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Universal Technical Institute by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company's stock worth $578,000 after purchasing an additional 777 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Universal Technical Institute by 5.7% during the fourth quarter. MetLife Investment Management LLC now owns 23,962 shares of the company's stock worth $616,000 after purchasing an additional 1,294 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Universal Technical Institute by 9.5% during the third quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company's stock worth $389,000 after acquiring an additional 2,083 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Stock Performance

NYSE UTI traded down $0.23 on Monday, hitting $27.75. The stock had a trading volume of 624,022 shares, compared to its average volume of 502,098. Universal Technical Institute has a one year low of $13.66 and a one 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 stock has a market cap of $1.51 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.92 and a beta of 1.49. The company's 50-day moving average is $27.15 and its two-hundred day moving average is $22.67.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates 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, analysts expect that Universal Technical Institute will post 1 earnings per share for the current year.

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.