Universal Technical Institute Inc (NYSE:UTI) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Universal Technical Institute Inc (NYSE:UTI) has received a consensus rating of "Buy" from six analysts, with five recommending a buy and one a strong buy, reflecting positive sentiment towards the stock.
• The company recently reported quarterly earnings of $0.19 per share, surpassing analysts' expectations of $0.12, and generated revenue of $204.30 million.
• Institutional investors own 75.67% of Universal Technical Institute's stock, indicating strong institutional support and interest in the firm.

Shares of Universal Technical Institute Inc (NYSE:UTI - Get Free Report) have been given a consensus recommendation of "Buy" by the six analysts that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $35.8333.

UTI has been the subject of a number of recent research reports. Truist Financial increased their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Lake Street Capital reiterated a "buy" rating and issued a $38.00 target price (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Wall Street Zen cut shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Rosenblatt Securities restated a "buy" rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 7th. Finally, Barrington Research restated an "outperform" rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Tuesday, July 29th.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $25.83 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. The company has a fifty day moving average of $31.96 and a two-hundred day moving average of $29.97. The stock has a market capitalization of $1.41 billion, a PE ratio of 22.66, a P/E/G ratio of 1.67 and a beta of 1.58. Universal Technical Institute has a fifty-two week low of $15.14 and a fifty-two week high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The company had revenue of $204.30 million during the quarter, compared to analysts' expectations of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. As a group, research analysts forecast that Universal Technical Institute will post 1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Universal Technical Institute

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Universal Technical Institute by 2,671.7% during the first quarter. GAMMA Investing LLC now owns 8,731 shares of the company's stock worth $224,000 after buying an additional 8,416 shares during the period. Calamos Advisors LLC purchased a new position in Universal Technical Institute during the first quarter worth about $3,085,000. Teacher Retirement System of Texas boosted its stake in Universal Technical Institute by 100.5% during the first quarter. Teacher Retirement System of Texas now owns 36,553 shares of the company's stock worth $939,000 after buying an additional 18,320 shares during the period. Ameriprise Financial Inc. boosted its stake in Universal Technical Institute by 15.3% during the fourth quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock worth $2,332,000 after buying an additional 12,017 shares during the period. Finally, Pullen Investment Management LLC boosted its stake in Universal Technical Institute by 46.4% during the fourth quarter. Pullen Investment Management LLC now owns 95,410 shares of the company's stock worth $2,453,000 after buying an additional 30,250 shares during the period. 75.67% of the stock is currently 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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