Universal Technical Institute, Inc. (NYSE:UTI) Given Average Rating of “Buy” by Brokerages

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have been given a consensus recommendation of “Buy” by the six research firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is $26.33.

Several analysts have recently weighed in on UTI shares. Rosenblatt Securities lifted their target price on Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial raised their price target 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. Barrington Research boosted their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Northland Securities raised their target price on shares of Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. 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 research note on Thursday, November 7th.

Insiders Place Their Bets

In other news, Director Kenneth R. Trammell sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the sale, the director now owns 128,205 shares of the company’s stock, valued at $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 27.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of Universal Technical Institute by 3.6% during the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock worth $13,920,000 after purchasing an additional 29,461 shares during the last quarter. Geode Capital Management LLC boosted its stake in Universal Technical Institute by 9.8% during the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock worth $15,496,000 after buying an additional 85,417 shares during the last quarter. Guardian Wealth Management Inc. grew its holdings in Universal Technical Institute by 5,347.0% in the 3rd quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock valued at $1,407,000 after buying an additional 84,964 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Universal Technical Institute by 37.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock worth $8,162,000 after acquiring an additional 140,600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of 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 worth $5,622,000 after acquiring an additional 229,738 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Stock Up 3.1 %

NYSE UTI opened at $26.20 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. Universal Technical Institute has a 52 week low of $12.14 and a 52 week high of $26.71. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 1.78 and a beta of 1.48. The company has a fifty day moving average of $23.18 and a two-hundred day moving average of $18.98.

About Universal Technical Institute

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.