Lake Street Capital Raises Universal Technical Institute (NYSE:UTI) Price Target to $31.00

Universal Technical Institute (NYSE:UTI) had its target price raised by equities research analysts at Lake Street Capital from $22.00 to $31.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s price target would suggest a potential upside of 5.01% from the stock’s current price.

Other analysts also recently issued reports about the stock. Truist Financial lifted their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. B. Riley boosted their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Northland Securities boosted their target price on shares of 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 target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Barrington Research boosted their target price on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $31.17.

Universal Technical Institute Stock Up 4.0 %

Shares of NYSE UTI traded up $1.13 during midday trading on Thursday, reaching $29.52. The company’s stock had a trading volume of 1,654,299 shares, compared to its average volume of 587,933. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. Universal Technical Institute has a fifty-two week low of $13.23 and a fifty-two week high of $30.56. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 1.90 and a beta of 1.45. The stock has a 50 day simple moving average of $26.06 and a 200-day simple moving average of $20.61.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 5.34% and a return on equity of 16.41%. Equities research analysts predict that Universal Technical Institute will post 0.96 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Kenneth R. Trammell sold 30,000 shares of the business’s stock in a transaction dated 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 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 through this link. Company insiders own 15.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UTI. State Street Corp increased its stake in shares of Universal Technical Institute by 3.6% in the third quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after buying an additional 29,461 shares during the period. Geode Capital Management LLC boosted its holdings in Universal Technical Institute by 9.8% in the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after acquiring an additional 85,417 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Universal Technical Institute by 362.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock valued at $9,691,000 after acquiring an additional 295,408 shares during the last quarter. Guardian Wealth Management Inc. boosted its holdings in Universal Technical Institute by 5,347.0% in the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock valued at $1,407,000 after acquiring an additional 84,964 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in Universal Technical Institute in the third quarter valued at approximately $395,000. Institutional investors and hedge funds 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.