Universal Technical Institute (NYSE:UTI) Price Target Raised to $35.00

Universal Technical Institute (NYSE:UTI - Free Report) had its target price lifted by Barrington Research from $30.00 to $35.00 in a report released on Thursday,Benzinga reports. Barrington Research currently has an outperform rating on the stock.

Several other research analysts have also weighed in on UTI. B. Riley increased their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Northland Securities increased their price target on Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday. Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday. Truist Financial increased their target price 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. Finally, Lake Street Capital boosted their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Universal Technical Institute presently has a consensus rating of "Buy" and an average price target of $31.17.

Universal Technical Institute Trading Down 1.8 %

NYSE:UTI traded down $0.55 during trading hours on Thursday, hitting $29.10. The company had a trading volume of 830,764 shares, compared to its average volume of 599,239. Universal Technical Institute has a 1 year low of $13.23 and a 1 year 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 company has a 50-day moving average of $26.20 and a 200 day moving average of $20.77. The company has a market cap of $1.58 billion, a P/E 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 posted 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%. Sell-side analysts expect that Universal Technical Institute will post 0.99 earnings per share for the current year.

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 stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the sale, the director now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 15.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd raised its position in Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company's stock valued at $26,000 after purchasing an additional 1,564 shares in the last quarter. Quarry LP increased its stake in shares of Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company's stock worth $63,000 after buying an additional 3,056 shares during the period. International Assets Investment Management LLC raised its holdings in Universal Technical Institute by 1,526.0% in the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company's stock valued at $66,000 after acquiring an additional 3,815 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Universal Technical Institute in the fourth quarter worth approximately $79,000. Finally, Morse Asset Management Inc acquired a new position in Universal Technical Institute during the 3rd quarter worth approximately $152,000. 75.67% of the stock is 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.