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

Shares of Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) have been assigned a consensus rating of "Buy" from the six ratings firms that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $26.33.

Several brokerages have recently issued reports on UTI. Truist Financial lifted their price target 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. Northland Securities boosted their price target on shares of Universal Technical Institute from $24.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Barrington Research upped their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Lake Street Capital lifted their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, B. Riley increased their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, November 7th.

Universal Technical Institute Price Performance

Shares of NYSE UTI traded down $0.16 during mid-day trading on Wednesday, reaching $25.71. 476,104 shares of the company traded hands, compared to its average volume of 528,514. Universal Technical Institute has a fifty-two week low of $12.14 and a fifty-two week high of $26.71. The firm has a market cap of $1.39 billion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 1.78 and a beta of 1.48. The stock has a fifty day simple moving average of $22.81 and a 200-day simple moving average of $18.77. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08.

Insider Transactions at Universal Technical Institute

In other 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 transaction, the director now directly owns 128,205 shares of the company's stock, valued at approximately $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 27.60% of the stock is owned by insiders.

Institutional Trading of Universal Technical Institute

Institutional investors have recently bought and sold shares of the company. Covestor Ltd raised 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 in the last quarter. ClariVest Asset Management LLC increased its holdings in Universal Technical Institute by 2.7% in the second quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company's stock worth $1,215,000 after buying an additional 2,060 shares during the last quarter. 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 valued at $389,000 after acquiring an additional 2,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Universal Technical Institute by 27.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company's stock valued at $197,000 after acquiring an additional 2,596 shares during the last quarter. Finally, Inspire Investing LLC grew its position in Universal Technical Institute by 13.5% in the third quarter. Inspire Investing LLC now owns 25,556 shares of the company's stock worth $416,000 after acquiring an additional 3,032 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

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.