Universal Technical Institute (NYSE:UTI) Receives Buy (B) Rating from Weiss Ratings

Key Points

• Universal Technical Institute's stock was reiterated with a "buy (B)" rating by Weiss Ratings, while other analysts also set a target price of $36.00.
• The company's stock price rose by 2.2% to reach $30.65, with shares trading above its one-year low of $15.26 and close to its high of $36.32.
• Universal Technical Institute reported $0.19 earnings per share, exceeding analysts' expectations, with a revenue of $204.30 million for the latest quarter.

Universal Technical Institute (NYSE:UTI - Get Free Report)'s stock had its "buy (b)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently commented on UTI. Rosenblatt Securities reiterated a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, August 7th. Barrington Research reiterated an "outperform" rating and set a $36.00 target price on shares of Universal Technical Institute in a research note on Monday, September 29th. Wall Street Zen downgraded shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Finally, Zacks Research downgraded shares of Universal Technical Institute from a "hold" rating to a "strong sell" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Universal Technical Institute currently has an average rating of "Moderate Buy" and a consensus price target of $35.83.

Universal Technical Institute Stock Up 2.2%

Shares of Universal Technical Institute stock traded up $0.65 during trading hours on Wednesday, reaching $30.65. 215,918 shares of the company were exchanged, compared to its average volume of 764,627. Universal Technical Institute has a 1 year low of $15.26 and a 1 year high of $36.32. The stock's fifty day moving average is $28.56 and its 200 day moving average is $30.20. 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 firm has a market cap of $1.67 billion, a PE ratio of 26.83, a PEG ratio of 2.18 and a beta of 1.58.

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 business had revenue of $204.30 million for the quarter, compared to analyst estimates of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. As a group, equities research analysts forecast that Universal Technical Institute will post 1 earnings per share for the current year.

Institutional Investors Weigh In On Universal Technical Institute

Several hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP boosted its stake in shares of Universal Technical Institute by 4.3% during the second quarter. Engineers Gate Manager LP now owns 12,299 shares of the company's stock worth $417,000 after buying an additional 506 shares during the period. SkyView Investment Advisors LLC boosted its stake in shares of Universal Technical Institute by 1.2% during the second quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company's stock worth $1,460,000 after buying an additional 506 shares during the period. Verdence Capital Advisors LLC raised its holdings in Universal Technical Institute by 4.9% during the second quarter. Verdence Capital Advisors LLC now owns 10,892 shares of the company's stock worth $369,000 after purchasing an additional 513 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Universal Technical Institute by 17.0% during the second quarter. New York State Teachers Retirement System now owns 4,254 shares of the company's stock worth $144,000 after purchasing an additional 618 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Universal Technical Institute by 2.9% during the first quarter. Principal Financial Group Inc. now owns 27,399 shares of the company's stock worth $704,000 after purchasing an additional 776 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

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.

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