Universal Technical Institute (NYSE:UTI - Get Free Report) had its target price upped by equities research analysts at Barrington Research from $25.00 to $30.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Barrington Research's target price suggests a potential upside of 12.91% from the company's previous close.
Several other research firms have also recently commented on UTI. B. Riley lifted their price target on Universal Technical Institute from $22.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Rosenblatt Securities boosted their target price on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Lake Street Capital increased their price target 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. Truist Financial boosted their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, Northland Securities increased their target price on Universal Technical Institute from $24.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Universal Technical Institute has a consensus rating of "Buy" and a consensus price target of $27.17.
Check Out Our Latest Research Report on UTI
Universal Technical Institute Trading Up 2.2 %
UTI traded up $0.57 during trading on Friday, hitting $26.57. The company's stock had a trading volume of 690,790 shares, compared to its average volume of 342,597. Universal Technical Institute has a twelve month low of $13.23 and a twelve month high of $27.10. The stock has a market cap of $1.44 billion, a PE ratio of 35.91, a PEG ratio of 1.71 and a beta of 1.45. The firm's 50 day moving average price is $24.77 and its 200-day moving average price is $19.67. 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 Activity at Universal Technical Institute
In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 128,205 shares in the company, valued at $3,323,073.60. This represents a 18.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 27.60% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in UTI. Wedge Capital Management L L P NC purchased a new stake in Universal Technical Institute during the 4th quarter worth $1,041,000. Hennessy Advisors Inc. grew its stake in shares of Universal Technical Institute by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company's stock valued at $17,763,000 after acquiring an additional 44,100 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Universal Technical Institute by 362.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company's stock worth $9,691,000 after acquiring an additional 295,408 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Universal Technical Institute in the third quarter worth about $395,000. Finally, Lord Abbett & CO. LLC purchased a new position in Universal Technical Institute in the third quarter valued at about $10,217,000. 75.67% of the stock is owned by institutional investors and hedge funds.
About Universal Technical Institute
(
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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.
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