Universal Technical Institute (NYSE:UTI) Receives Buy Rating from Rosenblatt Securities

Key Points

• Universal Technical Institute's stock has been reaffirmed with a "buy" rating by Rosenblatt Securities, which has set a target price of $36.00, indicating a potential upside of 7.61%.
• Other analysts, including Truist Financial and Lake Street Capital, have also rated the stock as a buy, with price targets ranging from $36.00 to $40.00.
• The company's recent quarterly earnings exceeded expectations, reporting $0.19 earnings per share against a consensus estimate of $0.12, along with a revenue of $204.30 million.

Universal Technical Institute (NYSE:UTI - Get Free Report)'s stock had its "buy" rating reiterated by Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They currently have a $36.00 target price on the stock. Rosenblatt Securities' target price indicates a potential upside of 36.91% from the stock's current price.

UTI has been the topic of a number of other reports. Truist Financial upped 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 note on Thursday, May 22nd. Lake Street Capital restated a "buy" rating and set a $38.00 price objective (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Finally, Barrington Research reaffirmed an "outperform" rating and set a $36.00 target price on shares of Universal Technical Institute in a report on Tuesday, July 29th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $35.83.

Universal Technical Institute Trading Down 2.1%

NYSE UTI traded down $0.57 during mid-day trading on Thursday, reaching $26.30. 367,799 shares of the stock were exchanged, compared to its average volume of 759,794. Universal Technical Institute has a one year low of $15.14 and a one year high of $36.32. The stock has a 50 day simple moving average of $32.54 and a 200-day simple moving average of $30.02. The stock has a market cap of $1.43 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.68 and a beta of 1.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The firm had revenue of $204.30 million during the quarter, compared to the consensus estimate of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. On average, analysts anticipate that Universal Technical Institute will post 1 EPS for the current year.

Insider Buying and Selling at Universal Technical Institute

In related 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 transaction of $917,400.00. Following the sale, the chief operating officer owned 80,521 shares of the company's stock, valued at $2,686,180.56. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George W. Brochick sold 6,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total transaction of $191,040.00. Following the transaction, the director owned 32,516 shares in the company, valued at approximately $1,035,309.44. The trade was a 15.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.10% of the stock is currently owned by insiders.

Institutional Trading of Universal Technical Institute

A number of institutional investors have recently bought and sold shares of the stock. Integrated Quantitative Investments LLC boosted its stake in Universal Technical Institute by 197.0% in the 2nd quarter. Integrated Quantitative Investments LLC now owns 42,994 shares of the company's stock worth $1,457,000 after purchasing an additional 28,518 shares in the last quarter. ANB Bank lifted its stake in shares of Universal Technical Institute by 10.1% in the 2nd quarter. ANB Bank now owns 12,171 shares of the company's stock valued at $412,000 after purchasing an additional 1,118 shares during the period. Cetera Investment Advisers acquired a new position in shares of Universal Technical Institute in the 2nd quarter valued at $671,000. Calamos Advisors LLC lifted its stake in shares of Universal Technical Institute by 17.7% in the 2nd quarter. Calamos Advisors LLC now owns 141,394 shares of the company's stock valued at $4,792,000 after purchasing an additional 21,254 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Universal Technical Institute by 10.4% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,516 shares of the company's stock valued at $356,000 after purchasing an additional 988 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.