Universal Technical Institute, Inc. (NYSE:UTI) Receives Average Rating of “Buy” from Analysts

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have been given an average recommendation of “Buy” by the five ratings firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $21.60.

UTI has been the topic of a number of research analyst reports. Truist Financial began coverage on shares of Universal Technical Institute in a research note on Thursday, July 25th. They issued a “buy” rating and a $22.00 price target on the stock. Northland Securities boosted their target price on Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Barrington Research restated an “outperform” rating and set a $22.00 price target on shares of Universal Technical Institute in a research report on Wednesday, August 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Finally, StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th.

Universal Technical Institute Price Performance

UTI stock opened at $16.16 on Monday. Universal Technical Institute has a 52-week low of $7.78 and a 52-week high of $19.79. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. The stock has a market cap of $869.42 million, a price-to-earnings ratio of 44.89, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35. The business has a fifty day moving average of $17.24 and a two-hundred day moving average of $15.97.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $177.46 million during the quarter, compared to the consensus estimate of $172.33 million. Universal Technical Institute had a return on equity of 12.66% and a net margin of 3.82%. During the same period last year, the company earned ($0.05) EPS. As a group, research analysts anticipate that Universal Technical Institute will post 0.71 earnings per share for the current year.

Insider Transactions at Universal Technical Institute

In related news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction on Friday, August 23rd. The stock was 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 directly owns 136,443 shares in the company, valued at $2,391,845.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Several large investors have recently bought and sold shares of the stock. RiverPark Advisors LLC purchased a new stake in shares of Universal Technical Institute during the second quarter worth approximately $43,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Universal Technical Institute by 95,120.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after purchasing an additional 9,512 shares during the last quarter. EntryPoint Capital LLC raised its holdings in shares of Universal Technical Institute by 54.2% in the 1st quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock valued at $165,000 after purchasing an additional 3,643 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of Universal Technical Institute during the 2nd quarter worth $167,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Universal Technical Institute during the first quarter worth $181,000. Hedge funds and other institutional investors 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.