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

Shares of Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) have received a consensus recommendation of "Buy" from the six research firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $35.83.

Several analysts have recently commented on UTI shares. B. Riley started coverage on shares of Universal Technical Institute in a research report on Friday, March 28th. They set a "buy" rating and a $31.00 price target on the stock. Truist Financial lifted their price target 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. Northland Securities lifted their price target on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, May 8th. Finally, Barrington Research lifted their price target on shares of Universal Technical Institute from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th.

Insider Buying and Selling at Universal Technical Institute

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

Hedge Funds Weigh In On Universal Technical Institute

Large investors have recently bought and sold shares of the stock. Covestor Ltd boosted its stake in Universal Technical Institute by 24.4% in the fourth quarter. Covestor Ltd now owns 1,977 shares of the company's stock valued at $51,000 after acquiring an additional 388 shares in the last quarter. CWM LLC boosted its stake in shares of Universal Technical Institute by 105.0% during the first quarter. CWM LLC now owns 2,167 shares of the company's stock worth $56,000 after buying an additional 1,110 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Universal Technical Institute during the first quarter worth about $57,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Universal Technical Institute during the first quarter worth about $61,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Universal Technical Institute during the first quarter worth about $68,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Universal Technical Institute Price Performance

UTI stock traded down $0.36 during trading on Friday, hitting $35.54. The stock had a trading volume of 426,324 shares, compared to its average volume of 593,181. 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 twelve month low of $13.66 and a twelve month high of $36.77. The stock has a market capitalization of $1.93 billion, a P/E ratio of 36.64, a PEG ratio of 1.92 and a beta of 1.57. The company's 50-day moving average price is $29.91 and its two-hundred day moving average price is $27.60.

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

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.