Universal Technical Institute (NYSE:UTI) Given "Outperform" Rating at Barrington Research

Universal Technical Institute (NYSE:UTI - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Barrington Research in a research report issued on Thursday,Benzinga reports. They currently have a $36.00 target price on the stock. Barrington Research's price target would suggest a potential upside of 9.26% from the stock's current price.

Several other brokerages also recently commented on UTI. Lake Street Capital restated a "buy" rating and set a $38.00 price objective (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Rosenblatt Securities restated a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, May 8th. Truist Financial increased their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, B. Riley assumed coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They set a "buy" rating and a $31.00 price target for the company. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $35.83.

Universal Technical Institute Price Performance

Shares of UTI traded up $0.31 during mid-day trading on Thursday, reaching $32.95. The company had a trading volume of 546,330 shares, compared to its average volume of 597,403. The company's 50-day moving average is $31.08 and its 200-day moving average is $28.13. Universal Technical Institute has a twelve month low of $13.66 and a twelve month high of $36.32. The company has a market capitalization of $1.79 billion, a P/E ratio of 33.97, a P/E/G ratio of 1.92 and a beta of 1.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. The business had revenue of $207.45 million for the quarter, compared to the consensus estimate of $196.63 million. On average, equities analysts anticipate that Universal Technical Institute will post 1 EPS for the current year.

Insider Buying and Selling

In other Universal Technical Institute news, EVP Sherrell Smith sold 36,773 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.68, for a total transaction of $981,103.64. Following the transaction, the executive vice president now owns 227,358 shares of the company's stock, valued at approximately $6,065,911.44. This trade represents a 13.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $33.36, for a total transaction of $917,400.00. Following the completion of the sale, the chief operating officer now owns 80,521 shares of the company's stock, valued at $2,686,180.56. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,024 shares of company stock worth $3,466,170. 15.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Militia Capital Partners LP increased its stake in Universal Technical Institute by 10.4% in the first quarter. Militia Capital Partners LP now owns 18,040 shares of the company's stock valued at $463,000 after purchasing an additional 1,700 shares during the last quarter. Inspire Investing LLC lifted its holdings in Universal Technical Institute by 166.6% in the first quarter. Inspire Investing LLC now owns 41,280 shares of the company's stock valued at $1,060,000 after acquiring an additional 25,795 shares during the period. Strs Ohio acquired a new stake in Universal Technical Institute in the first quarter valued at $306,000. Ellsworth Advisors LLC purchased a new position in shares of Universal Technical Institute in the first quarter valued at $617,000. Finally, Jane Street Group LLC increased its position in Universal Technical Institute by 144.1% during the 1st quarter. Jane Street Group LLC now owns 88,410 shares of the company's stock worth $2,270,000 after purchasing an additional 52,184 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

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.