Truist Financial Issues Positive Forecast for Universal Technical Institute (NYSE:UTI) Stock Price

Universal Technical Institute (NYSE:UTI - Get Free Report) had its price objective lifted by research analysts at Truist Financial from $37.00 to $40.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price objective would indicate a potential upside of 11.62% from the stock's previous close.

A number of other research firms have also commented on UTI. Lake Street Capital raised their price objective on shares of Universal Technical Institute from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday. Northland Securities lifted their price target on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. B. Riley started coverage on Universal Technical Institute in a report on Friday, March 28th. They issued a "buy" rating and a $31.00 price objective for the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 8th. Finally, Barrington Research boosted their price target on shares of Universal Technical Institute from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Universal Technical Institute currently has a consensus rating of "Buy" and a consensus price target of $35.83.

Universal Technical Institute Stock Up 1.3%

UTI opened at $35.84 on Thursday. 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 has a 12 month low of $13.66 and a 12 month high of $35.99. The stock's 50 day moving average price is $28.59 and its 200 day moving average price is $26.60. The stock has a market cap of $1.95 billion, a P/E ratio of 36.94, a P/E/G ratio of 1.92 and a beta of 1.57.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.07. The company had revenue of $207.45 million for the quarter, compared to analyst estimates of $196.63 million. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. As a group, research analysts predict that Universal Technical Institute will post 1 earnings per share for the current year.

Insider Transactions at Universal Technical Institute

In related news, EVP Sherrell Smith sold 39,446 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $27.85, for a total value of $1,098,571.10. Following the completion of the sale, the executive vice president now owns 177,912 shares in the company, valued at approximately $4,954,849.20. This represents a 18.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George W. Brochick sold 6,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total transaction of $191,040.00. Following the sale, the director now directly owns 32,516 shares in the company, valued at approximately $1,035,309.44. This trade represents a 15.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,024 shares of company stock valued at $3,686,890 in the last three months. 15.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UTI. Jane Street Group LLC lifted its position in Universal Technical Institute by 144.1% in the 1st quarter. Jane Street Group LLC now owns 88,410 shares of the company's stock worth $2,270,000 after buying an additional 52,184 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Universal Technical Institute by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company's stock valued at $2,163,000 after buying an additional 9,951 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Universal Technical Institute in the 1st quarter valued at approximately $592,000. Uniplan Investment Counsel Inc. increased its holdings in Universal Technical Institute by 24.0% in the first quarter. Uniplan Investment Counsel Inc. now owns 230,543 shares of the company's stock worth $5,920,000 after buying an additional 44,679 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new position in Universal Technical Institute during the first quarter valued at approximately $57,000. 75.67% of the stock is owned by institutional investors and hedge funds.

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.

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