Universal Technical Institute (NYSE:UTI) Raised to Buy at StockNews.com

Universal Technical Institute (NYSE:UTI) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

UTI has been the subject of several other reports. B. Riley reissued a “buy” rating and set a $22.00 price objective (up from $20.00) on shares of Universal Technical Institute in a report on Thursday, May 30th. Barrington Research reissued an “outperform” rating and set a $22.00 price objective on shares of Universal Technical Institute in a report on Wednesday. Rosenblatt Securities reissued a “buy” rating and set a $22.00 price objective on shares of Universal Technical Institute in a report on Wednesday. Northland Securities boosted their price objective on Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Truist Financial assumed coverage on Universal Technical Institute in a report on Thursday, July 25th. They set a “buy” rating and a $22.00 price objective for the company. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $19.83.

Universal Technical Institute Price Performance

NYSE UTI traded down $0.59 on Wednesday, hitting $16.91. 656,263 shares of the company were exchanged, compared to its average volume of 609,555. The firm has a 50 day moving average of $16.30 and a two-hundred day moving average of $15.47. The company has a market cap of $909.77 million, a P/E ratio of 46.97, a P/E/G ratio of 1.68 and a beta of 1.26. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60. Universal Technical Institute has a 1-year low of $7.46 and a 1-year high of $19.79.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $177.46 million for the quarter, compared to the consensus estimate of $172.33 million. Universal Technical Institute had a net margin of 2.97% and a return on equity of 10.55%. During the same quarter in the prior year, the company earned ($0.05) EPS. On average, equities analysts predict that Universal Technical Institute will post 0.71 EPS for the current year.

Insider Activity

In related news, Director Loretta Lydia Sanchez sold 6,288 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $15.22, for a total transaction of $95,703.36. Following the completion of the sale, the director now directly owns 13,712 shares of the company’s stock, valued at approximately $208,696.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 27.60% of the stock is currently owned by company insiders.

Institutional Trading of Universal Technical Institute

A number of large investors have recently bought and sold shares of the business. ClariVest Asset Management LLC increased its stake in Universal Technical Institute by 2.7% during the 2nd quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,060 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in Universal Technical Institute during the 2nd quarter worth approximately $3,103,000. Arizona State Retirement System acquired a new position in Universal Technical Institute during the 2nd quarter worth approximately $189,000. Pembroke Management LTD boosted its position in Universal Technical Institute by 646.3% during the 2nd quarter. Pembroke Management LTD now owns 369,308 shares of the company’s stock worth $5,809,000 after acquiring an additional 319,820 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in Universal Technical Institute during the 2nd quarter worth approximately $917,000. 75.67% of the stock is owned by institutional investors.

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.