Northland Securities Boosts Universal Technical Institute (NYSE:UTI) Price Target to $34.00

Universal Technical Institute (NYSE:UTI) had its target price raised by research analysts at Northland Securities from $30.00 to $34.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ price objective would suggest a potential upside of 14.69% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. B. Riley upped their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Rosenblatt Securities upped their price target on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday. Truist Financial upped 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 upped their price target on shares of Universal Technical Institute from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Finally, Lake Street Capital upped their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $31.17.

Universal Technical Institute Price Performance

UTI opened at $29.65 on Thursday. The stock has a fifty day moving average of $26.20 and a 200-day moving average of $20.74. The firm has a market capitalization of $1.61 billion, a P/E ratio of 40.06, a PEG ratio of 1.90 and a beta of 1.45. Universal Technical Institute has a 12-month low of $13.23 and a 12-month high of $30.56. 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 (NYSE:UTI) last released its earnings results 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 return on equity of 16.41% and a net margin of 5.34%. Equities analysts forecast that Universal Technical Institute will post 0.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction 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 of the company’s stock, valued at $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 15.10% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd grew its position in shares of Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after purchasing an additional 1,564 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Universal Technical Institute in the fourth quarter valued at about $79,000. Quarry LP grew its position in shares of Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after purchasing an additional 3,056 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of 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 purchasing an additional 3,815 shares during the last quarter. Finally, AlphaQuest LLC grew its position in shares of Universal Technical Institute by 822,000.0% in the fourth quarter. AlphaQuest LLC now owns 8,221 shares of the company’s stock valued at $211,000 after purchasing an additional 8,220 shares during the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

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.