Universal Technical Institute’s (UTI) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Universal Technical Institute (NYSE:UTI) in a report published on Friday,Benzinga reports. The firm currently has a $22.00 price objective on the stock.

A number of other equities analysts have also weighed in on the stock. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Northland Securities increased their price objective on shares of Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Truist Financial initiated coverage on Universal Technical Institute in a report on Thursday, July 25th. They issued a “buy” rating and a $22.00 target price on the stock. B. Riley increased their price target on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, September 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute has an average rating of “Buy” and a consensus target price of $22.20.

Universal Technical Institute Stock Performance

NYSE UTI opened at $19.61 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. Universal Technical Institute has a twelve month low of $9.98 and a twelve month high of $20.73. The business has a 50-day moving average price of $16.85 and a 200-day moving average price of $16.48. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34.

Insider Buying and Selling

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the completion of the transaction, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at $2,391,845.79. The trade was a 33.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 27.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Universal Technical Institute

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Universal Technical Institute by 55.0% in the first quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock worth $37,872,000 after buying an additional 842,765 shares during the period. Dimensional Fund Advisors LP grew its position in Universal Technical Institute by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,004,788 shares of the company’s stock valued at $31,533,000 after acquiring an additional 36,135 shares during the last quarter. Geode Capital Management LLC increased its stake 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 worth $15,496,000 after purchasing an additional 85,417 shares during the period. FMR LLC lifted its position in shares of Universal Technical Institute by 73,048.1% during the third quarter. FMR LLC now owns 879,240 shares of the company’s stock worth $14,296,000 after purchasing an additional 878,038 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Universal Technical Institute by 3.6% during the third quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after purchasing an additional 29,461 shares during the period. 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.