Universal Technical Institute, Inc. (NYSE:UTI) Receives $26.33 Consensus Target Price from Analysts

Universal Technical Institute, Inc. (NYSE:UTI) has been assigned an average rating of “Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $26.33.

A number of brokerages recently commented on UTI. 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. Rosenblatt Securities boosted their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Northland Securities raised their price objective on shares of Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Lake Street Capital upped their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Truist Financial increased their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st.

Insider Activity at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the sale, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. This represents a 18.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 27.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Universal Technical Institute

A number of institutional investors and hedge funds have recently bought and sold shares of UTI. Covestor Ltd increased its stake in shares of 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 buying an additional 1,564 shares in the last quarter. ClariVest Asset Management LLC grew its holdings 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 acquiring an additional 2,060 shares during the last quarter. BNP Paribas Financial Markets increased its position in Universal Technical Institute by 9.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock valued at $389,000 after acquiring an additional 2,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Universal Technical Institute by 27.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock worth $197,000 after acquiring an additional 2,596 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Universal Technical Institute by 13.5% during the third quarter. Inspire Investing LLC now owns 25,556 shares of the company’s stock worth $416,000 after purchasing an additional 3,032 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Stock Performance

Universal Technical Institute stock opened at $25.77 on Wednesday. The business has a 50 day moving average price of $23.53 and a two-hundred day moving average price of $19.14. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. Universal Technical Institute has a 12 month low of $12.14 and a 12 month high of $26.71. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 34.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.45.

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.