Northland Securities Raises Universal Technical Institute (NYSE:UTI) Price Target to $24.00

Universal Technical Institute (NYSE:UTI - Get Free Report) had its target price lifted by Northland Securities from $20.00 to $24.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Northland Securities' target price would indicate a potential upside of 1.65% from the stock's previous close.

A number of other brokerages have also issued reports on UTI. Truist Financial initiated coverage on Universal Technical Institute in a research note on Thursday, July 25th. They issued a "buy" rating and a $22.00 target price for the company. Barrington Research reaffirmed an "outperform" rating and set a $22.00 target price on shares of Universal Technical Institute in a report on Friday, November 15th. Rosenblatt Securities reiterated a "buy" rating and issued a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, September 11th. StockNews.com raised shares of Universal Technical Institute from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th. Finally, B. Riley upped 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. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $24.00.

Universal Technical Institute Stock Performance

Universal Technical Institute stock traded up $3.72 during mid-day trading on Thursday, reaching $23.61. 1,675,492 shares of the company traded hands, compared to its average volume of 523,535. The firm's fifty day moving average is $17.06 and its two-hundred day moving average is $16.57. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 47.44, a price-to-earnings-growth ratio of 1.45 and a beta of 1.34. Universal Technical Institute has a fifty-two week low of $10.46 and a fifty-two week high of $24.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02.

Insiders Place Their Bets

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total value of $1,192,040.00. Following the completion of the transaction, the chief executive officer now owns 136,443 shares of the company's stock, valued at approximately $2,391,845.79. The trade was a 33.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 27.60% of the company's stock.

Institutional Investors Weigh In On Universal Technical Institute

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Universal Technical Institute by 55.0% during the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company's stock valued at $37,872,000 after buying an additional 842,765 shares in the last quarter. American International Group Inc. increased its stake in shares of Universal Technical Institute by 19.6% during the first quarter. American International Group Inc. now owns 19,494 shares of the company's stock worth $311,000 after purchasing an additional 3,194 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Universal Technical Institute during the 1st quarter worth about $181,000. Price T Rowe Associates Inc. MD lifted its stake in Universal Technical Institute by 11.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,375 shares of the company's stock valued at $532,000 after buying an additional 3,446 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in Universal Technical Institute by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 78,640 shares of the company's stock worth $1,254,000 after buying an additional 2,798 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

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.