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

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have received a consensus rating of “Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $21.60.

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

Universal Technical Institute Price Performance

NYSE UTI opened at $15.94 on Friday. The stock has a market capitalization of $857.73 million, a P/E ratio of 31.88, a P/E/G ratio of 1.18 and a beta of 1.35. Universal Technical Institute has a 1 year low of $7.78 and a 1 year high of $19.79. The business’s fifty day moving average is $16.49 and its two-hundred day moving average is $16.07. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.02.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $177.46 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned ($0.05) earnings per share. On average, research analysts forecast that Universal Technical Institute will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at Universal Technical Institute

In other news, CEO Jerome Alan Grant sold 68,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total value of $1,192,040.00. Following the transaction, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 27.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Universal Technical Institute

A number of hedge funds have recently modified their holdings of the stock. RiverPark Advisors LLC bought a new stake in Universal Technical Institute in the second quarter worth $43,000. International Assets Investment Management LLC boosted 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 worth $66,000 after purchasing an additional 3,815 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Universal Technical Institute by 95,120.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after purchasing an additional 9,512 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in Universal Technical Institute by 54.2% in the first quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock worth $165,000 after purchasing an additional 3,643 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in Universal Technical Institute in the second quarter worth $167,000. 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.