Universal Technical Institute (NYSE:UTI - Free Report) had its price objective boosted by Northland Securities from $30.00 to $34.00 in a research note published on Thursday,Benzinga reports. They currently have an outperform rating on the stock.
A number of other equities analysts have also recently issued reports on the company. Rosenblatt Securities increased their target price on Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday. Barrington Research increased their price objective on Universal Technical Institute from $25.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Truist Financial lifted their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Lake Street Capital upped their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, B. Riley lifted their price target 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 research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $31.17.
Get Our Latest Stock Report on UTI
Universal Technical Institute Stock Performance
UTI stock traded down $0.55 during midday trading on Thursday, hitting $29.10. The stock had a trading volume of 617,286 shares, compared to its average volume of 597,584. Universal Technical Institute has a 52 week low of $13.23 and a 52 week high of $30.56. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The stock has a 50-day simple moving average of $26.20 and a 200 day simple moving average of $20.77. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 1.99 and a beta of 1.45.
Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. As a group, equities research analysts anticipate that Universal Technical Institute will post 0.99 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Kenneth R. Trammell sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the transaction, the director now directly owns 128,205 shares in the company, valued at approximately $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.10% of the company's stock.
Institutional Trading of Universal Technical Institute
A number of hedge funds and other institutional investors have recently modified their holdings of UTI. FMR LLC boosted its position in Universal Technical Institute by 73,048.1% in the 3rd quarter. FMR LLC now owns 879,240 shares of the company's stock valued at $14,296,000 after buying an additional 878,038 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Universal Technical Institute in the third quarter valued at about $10,217,000. Victory Capital Management Inc. increased its position in Universal Technical Institute by 1,377.1% in the fourth quarter. Victory Capital Management Inc. now owns 518,256 shares of the company's stock worth $13,324,000 after purchasing an additional 483,170 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Universal Technical Institute by 362.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company's stock worth $9,691,000 after purchasing an additional 295,408 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Universal Technical Institute by 198.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company's stock valued at $5,622,000 after purchasing an additional 229,738 shares during the period. Institutional investors and hedge funds own 75.67% of the company's stock.
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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