Universal Technical Institute (NYSE:UTI) Sets New 1-Year High After Analyst Upgrade

Universal Technical Institute, Inc. (NYSE:UTI)’s stock price reached a new 52-week high on Friday after B. Riley raised their price target on the stock from $22.00 to $25.00. B. Riley currently has a buy rating on the stock. Universal Technical Institute traded as high as $19.86 and last traded at $19.79, with a volume of 80714 shares traded. The stock had previously closed at $19.41.

Other equities research analysts have also issued research reports about the stock. Northland Securities lifted 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 price target on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Barrington Research reissued an “outperform” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, August 7th. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, Truist Financial assumed coverage on Universal Technical Institute in a research report on Thursday, July 25th. They set a “buy” rating and a $22.00 price target on the stock. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $22.20.

Insiders Place Their Bets

In other news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction on Friday, August 23rd. The stock was 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 in the company, valued at approximately $2,391,845.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 27.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in Universal Technical Institute by 34.8% in the first quarter. BNP Paribas Financial Markets now owns 45,439 shares of the company’s stock worth $724,000 after purchasing an additional 11,719 shares during the last quarter. Empowered Funds LLC grew its stake in Universal Technical Institute by 8.1% during the 1st quarter. Empowered Funds LLC now owns 188,781 shares of the company’s stock worth $3,009,000 after buying an additional 14,187 shares during the last quarter. Inspire Investing LLC acquired a new position in Universal Technical Institute during the 1st quarter valued at about $360,000. Russell Investments Group Ltd. raised its stake in Universal Technical Institute by 341.1% in the first quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company’s stock valued at $5,329,000 after buying an additional 258,532 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 842,765 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. The firm has a market cap of $1.09 billion, a PE ratio of 40.60, a price-to-earnings-growth ratio of 1.39 and a beta of 1.34. The stock has a 50 day moving average price of $16.52 and a two-hundred day moving average price of $16.30.

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.