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

Universal Technical Institute (NYSE:UTI - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Rosenblatt Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $36.00 price target on the stock. Rosenblatt Securities' price objective indicates a potential upside of 13.96% from the stock's current price.

Other analysts have also issued reports about the stock. B. Riley initiated coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They issued a "buy" rating and a $31.00 price objective for the company. Barrington Research reiterated an "outperform" rating and issued a $35.00 price target on shares of Universal Technical Institute in a report on Thursday, April 17th. Northland Securities lifted their price target on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, Lake Street Capital lifted their price target on Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $33.00.

Universal Technical Institute Trading Down 7.5%

Shares of NYSE UTI traded down $2.55 during midday trading on Thursday, hitting $31.59. The company's stock had a trading volume of 2,729,975 shares, compared to its average volume of 572,304. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. The business's 50 day moving average is $27.51 and its two-hundred day moving average is $25.89. Universal Technical Institute has a 12-month low of $13.66 and a 12-month high of $35.49. The firm has a market cap of $1.72 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57.

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

Insider Activity

In other news, Director George W. Brochick sold 8,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the transaction, the director now owns 34,917 shares of the company's stock, valued at $963,360.03. The trade was a 18.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Sherrell Smith sold 36,773 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the sale, the executive vice president now directly owns 227,358 shares in the company, valued at $6,065,911.44. The trade was a 13.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,524 shares of company stock worth $2,578,450 over the last 90 days. 15.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd increased its position in shares of Universal Technical Institute by 24.4% during the 4th quarter. Covestor Ltd now owns 1,977 shares of the company's stock worth $51,000 after purchasing an additional 388 shares during the last quarter. CWM LLC boosted its stake in shares of Universal Technical Institute by 105.0% in the 1st quarter. CWM LLC now owns 2,167 shares of the company's stock valued at $56,000 after buying an additional 1,110 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Universal Technical Institute in the 1st quarter valued at about $61,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Universal Technical Institute in the 1st quarter valued at about $68,000. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of Universal Technical Institute in the 4th quarter valued at about $79,000. Hedge funds and other institutional investors 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.