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

Key Points

• Barrington Research has reiterated its **"outperform"** rating for Universal Technical Institute (NYSE: UTI) with a target price of **$36.00**, indicating a potential upside of **15.16%**.
• Other analysts have also given positive ratings, with **Truist Financial** increasing their target to **$40.00** and Lake Street Capital raising theirs to **$38.00**.
• Universal Technical Institute reported a **$0.21 EPS** for the last quarter, surpassing estimates, while revenue was **$207.45 million**, exceeding expectations of **$196.63 million**.

Barrington Research restated their outperform rating on shares of Universal Technical Institute (NYSE:UTI - Free Report) in a report published on Tuesday morning,Benzinga reports. The firm currently has a $36.00 target price on the stock.

Several other brokerages have also recently issued reports on UTI. Truist Financial increased their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Lake Street Capital reiterated a "buy" rating and set a $38.00 target price (up from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, May 8th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $35.83.

Universal Technical Institute Trading Down 0.7%

Shares of NYSE UTI traded down $0.22 during mid-day trading on Tuesday, reaching $32.00. The company had a trading volume of 564,623 shares, compared to its average volume of 740,812. The business's 50-day moving average is $33.13 and its 200-day moving average is $29.80. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 2.01 and a beta of 1.58. Universal Technical Institute has a 52 week low of $15.14 and a 52 week high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. Universal Technical Institute had a net margin of 7.34% and a return on equity of 21.40%. The company had revenue of $207.45 million for the quarter, compared to analysts' expectations of $196.63 million. Equities analysts expect that Universal Technical Institute will post 1 earnings per share for the current year.

Insider Activity

In related news, Director George W. Brochick sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total value of $191,040.00. Following the completion of the transaction, the director directly owned 32,516 shares of the company's stock, valued at $1,035,309.44. This trade represents a 15.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Todd A. Hitchcock sold 27,500 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $33.36, for a total transaction of $917,400.00. Following the completion of the transaction, the chief operating officer directly owned 80,521 shares of the company's stock, valued at $2,686,180.56. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.10% of the company's stock.

Hedge Funds Weigh In On Universal Technical Institute

A number of institutional investors have recently bought and sold shares of the business. Covestor Ltd raised its position in Universal Technical Institute by 24.4% during the 4th quarter. Covestor Ltd now owns 1,977 shares of the company's stock worth $51,000 after buying an additional 388 shares during the last quarter. Verdence Capital Advisors LLC raised its position in Universal Technical Institute by 4.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 10,892 shares of the company's stock worth $369,000 after buying an additional 513 shares during the last quarter. New York State Teachers Retirement System raised its position in Universal Technical Institute by 17.0% during the 2nd quarter. New York State Teachers Retirement System now owns 4,254 shares of the company's stock worth $144,000 after buying an additional 618 shares during the last quarter. Principal Financial Group Inc. raised its position in Universal Technical Institute by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 27,399 shares of the company's stock worth $704,000 after buying an additional 776 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Universal Technical Institute by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company's stock worth $578,000 after buying an additional 777 shares during the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.