Universal Technical Institute Inc (NYSE:UTI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Universal Technical Institute Inc (NYSE:UTI) has received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $44.25.

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Barrington Research increased their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Weiss Ratings cut shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a research note on Thursday, April 30th.

Universal Technical Institute Price Performance

UTI opened at $39.38 on Wednesday. The firm has a market capitalization of $2.17 billion, a P/E ratio of 51.15, a PEG ratio of 3.77 and a beta of 1.25. The stock has a fifty day moving average of $38.00 and a 200-day moving average of $32.35. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. Universal Technical Institute has a 12-month low of $21.29 and a 12-month high of $45.74.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. Equities analysts forecast that Universal Technical Institute will post 0.76 EPS for the current fiscal year.

Insider Activity

In related news, Director George W. Brochick sold 5,000 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $36.59, for a total transaction of $182,950.00. Following the completion of the sale, the director directly owned 27,516 shares in the company, valued at approximately $1,006,810.44. This trade represents a 15.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christine Kline sold 3,500 shares of Universal Technical Institute stock in a transaction 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 sale, the chief accounting officer directly owned 43,006 shares of the company’s stock, valued at approximately $1,910,326.52. The trade was a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,500 shares of company stock worth $887,270 in the last ninety days. Corporate insiders own 9.80% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors have recently made changes to their positions in UTI. Newbridge Financial Services Group Inc. bought a new stake in shares of Universal Technical Institute in the 2nd quarter valued at approximately $27,000. PNC Financial Services Group Inc. raised its position in Universal Technical Institute by 543.5% during the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $32,000 after acquiring an additional 750 shares in the last quarter. Clearstead Advisors LLC lifted its stake in Universal Technical Institute by 187.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after acquiring an additional 943 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Universal Technical Institute in the first quarter worth approximately $57,000. Finally, SBI Securities Co. Ltd. grew its position in Universal Technical Institute by 4,500.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock worth $142,000 after acquiring an additional 5,310 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Company Profile

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.