Rosenblatt Securities Boosts Universal Technical Institute (NYSE:UTI) Price Target to $36.00

Universal Technical Institute (NYSE:UTI) had its price objective raised by equities researchers at Rosenblatt Securities from $30.00 to $36.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ target price indicates a potential upside of 26.87% from the company’s previous close.

A number of other research analysts also recently weighed in on UTI. Lake Street Capital upped their price target on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Northland Securities boosted their price target on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Barrington Research raised their price objective on shares of Universal Technical Institute from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. B. Riley lifted their target price on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Truist Financial increased their price target on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Universal Technical Institute presently has a consensus rating of “Buy” and an average target price of $28.83.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $28.38 on Thursday. Universal Technical Institute has a fifty-two week low of $13.23 and a fifty-two week high of $29.04. The stock has a fifty day moving average price of $26.06 and a 200-day moving average price of $20.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 1.90 and a beta of 1.45.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 5.34% and a return on equity of 16.41%. As a group, equities analysts anticipate that Universal Technical Institute will post 0.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the company’s 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 15.10% of the company’s stock.

Institutional Trading of Universal Technical Institute

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Covestor Ltd boosted its position in shares of Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after purchasing an additional 1,564 shares in the last quarter. Quarry LP increased its holdings in shares of Universal Technical Institute by 380.6% during 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 holdings 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 in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Universal Technical Institute in the 4th quarter worth about $79,000. Finally, Morse Asset Management Inc bought a new position in Universal Technical Institute in the 3rd quarter worth about $152,000. 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.