Universal Technical Institute (NYSE:UTI) Stock Price Expected to Rise, Northland Securities Analyst Says

Universal Technical Institute (NYSE:UTI) had its price objective boosted by Northland Securities from $24.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ target price would suggest a potential upside of 20.92% from the stock’s current price.

UTI has been the subject of several other reports. Lake Street Capital boosted their price target on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 21st. B. Riley upped their target price 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. Barrington Research raised their price target on Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Rosenblatt Securities lifted their price target on Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Truist Financial increased their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute has a consensus rating of “Buy” and an average price target of $26.33.

Universal Technical Institute Stock Performance

Shares of NYSE UTI opened at $24.81 on Thursday. The company has a 50-day simple moving average of $20.86 and a 200-day simple moving average of $17.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $1.34 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 1.78 and a beta of 1.48. Universal Technical Institute has a 12 month low of $10.46 and a 12 month high of $26.71.

Insider Buying and Selling at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction dated 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 owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 27.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Universal Technical Institute

Large investors have recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in 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 acquiring an additional 1,564 shares during the period. RiverPark Advisors LLC bought a new position in Universal Technical Institute in the 2nd quarter valued at about $43,000. Quarry LP boosted its holdings 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 acquiring an additional 3,056 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after acquiring an additional 3,815 shares during the period. Finally, Morse Asset Management Inc bought a new stake in Universal Technical Institute during the third quarter worth approximately $152,000. 75.67% of the stock is currently 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.