Brokerages Set Universal Technical Institute Inc (NYSE:UTI) Price Target at $43.83

Shares of Universal Technical Institute Inc (NYSE:UTI) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $43.8333.

UTI has been the subject of a number of recent research reports. Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a research note on Thursday, May 7th. Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Barrington Research raised their price target on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a report on Thursday, August 6th. Finally, Truist Financial reduced their price objective on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th.

Universal Technical Institute Price Performance

Universal Technical Institute stock opened at $21.31 on Monday. The firm has a market capitalization of $1.17 billion, a PE ratio of 34.37, a P/E/G ratio of 2.34 and a beta of 1.25. Universal Technical Institute has a 52 week low of $20.85 and a 52 week high of $51.34. The firm’s 50-day simple moving average is $36.40 and its 200 day simple moving average is $36.66. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46.

Universal Technical Institute (NYSE:UTI) last posted its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $218.91 million during the quarter, compared to the consensus estimate of $220.40 million. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. On average, equities research analysts predict that Universal Technical Institute will post 0.61 EPS for the current fiscal year.

Insider Activity

In other news, CAO Christine Kline sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $44.42, for a total value of $155,470.00. Following the completion of the transaction, the chief accounting officer owned 43,006 shares of the company’s stock, valued at $1,910,326.52. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jerome Alan Grant sold 94,500 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the transaction, the chief executive officer directly owned 335,715 shares in the company, valued at $13,898,601. The trade was a 21.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,102,545 shares of company stock valued at $128,449,570 in the last 90 days. Company insiders own 9.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Universal Technical Institute in the second quarter valued at $323,080,000. California State Teachers Retirement System lifted its position in Universal Technical Institute by 3,504.2% during the second quarter. California State Teachers Retirement System now owns 2,423,434 shares of the company’s stock worth $103,650,000 after buying an additional 2,356,195 shares during the period. Coliseum Capital Management LLC boosted its stake in Universal Technical Institute by 46.2% in the 4th quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock worth $103,774,000 after buying an additional 1,255,173 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in Universal Technical Institute by 1,366.0% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company’s stock worth $46,646,000 after buying an additional 1,203,985 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Universal Technical Institute by 132.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock valued at $52,217,000 after buying an additional 1,140,465 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.