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

Key Points

• Rosenblatt Securities reiterated its “Buy” rating on Universal Technical Institute and set a $45 price target, implying approximately 6% upside from the prior close. Analysts have a consensus “Moderate Buy” rating and an average target of $44.80.
• UTI reported quarterly earnings of $0.04 per share, beating the $0.02 consensus estimate, while revenue of $218.91 million came in slightly below expectations.
• Insiders sold more than 3.1 million shares worth about $129 million over the past 90 days, including a 3-million-share sale by Coliseum Capital Management; institutional investors collectively own 75.67% of the stock.

Universal Technical Institute (NYSE:UTI - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They currently have a $45.00 target price on the stock. Rosenblatt Securities' target price would indicate a potential upside of 6.00% from the stock's previous close.

A number of other equities analysts have also recently issued reports on the stock. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a research note on Thursday, April 30th. Barrington Research increased their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an "outperform" rating in a report on Thursday, May 7th. Weiss Ratings raised Universal Technical Institute from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, July 28th. Truist Financial upped their price target on Universal Technical Institute from $40.00 to $47.00 and gave the company a "buy" rating in a report on Monday, June 29th. Finally, Northland Securities set a $41.00 price objective on Universal Technical Institute in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $44.80.

Universal Technical Institute Stock Performance

Shares of UTI opened at $42.45 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. The stock has a market cap of $2.34 billion, a P/E ratio of 55.13, a P/E/G ratio of 3.70 and a beta of 1.25. The business's 50 day moving average price is $41.84 and its 200-day moving average price is $37.03. Universal Technical Institute has a 52 week low of $21.29 and a 52 week high of $51.34.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%.The company had revenue of $218.91 million during the quarter, compared to analyst estimates of $220.40 million. Equities research analysts anticipate that Universal Technical Institute will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Universal Technical Institute news, insider Kevin Prehn sold 4,545 shares of the firm's stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $40.00, for a total value of $181,800.00. Following the transaction, the insider directly owned 27,025 shares of the company's stock, valued at approximately $1,081,000. This trade represents a 14.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the business's stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $41.40, for a total value of $124,200,000.00. Following the sale, the director owned 971,440 shares of the company's stock, valued at approximately $40,217,616. This represents a 75.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,117,545 shares of company stock valued at $128,998,420 in the last 90 days. Insiders own 9.80% of the company's stock.

Institutional Trading of Universal Technical Institute

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans lifted its holdings in Universal Technical Institute by 132.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company's stock valued at $52,217,000 after purchasing an additional 1,140,465 shares in the last quarter. UBS Group AG raised its position in shares of Universal Technical Institute by 89.0% during the 4th quarter. UBS Group AG now owns 231,717 shares of the company's stock valued at $6,055,000 after purchasing an additional 109,100 shares during the period. MYDA Advisors LLC purchased a new position in shares of Universal Technical Institute during the 4th quarter valued at $1,322,000. Needham Investment Management LLC boosted its holdings in Universal Technical Institute by 46.8% in the 4th quarter. Needham Investment Management LLC now owns 807,500 shares of the company's stock worth $21,100,000 after buying an additional 257,500 shares during the period. Finally, Manatuck Hill Partners LLC increased its stake in Universal Technical Institute by 342.8% in the 4th quarter. Manatuck Hill Partners LLC now owns 264,800 shares of the company's stock worth $6,919,000 after buying an additional 205,000 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

About Universal Technical Institute

Universal Technical Institute, Inc NYSE: UTI is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI's curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.

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