Universal Technical Institute, Inc. provides transportation and technical training programs in the United States. The company provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians. It also offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute. In addition, the company provides manufacturer specific advanced training programs, including student paid electives at its campuses; and manufacturer or dealer sponsored training at various campuses and dedicated training centers, as well as offers programs for welding and computer numeric control machining. As of September 30, 2021, it operated 12 campuses. Universal Technical Institute, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.
Analysts Set New Price Targets
A number of research analysts recently commented on UTI shares. B. Riley upped their price objective on Universal Technical Institute from $11.00 to $14.00 in a report on Wednesday, April 20th. Barrington Research raised their price objective on Universal Technical Institute from $10.00 to $14.00 and gave the stock a "buy" rating in a research report on Thursday, May 5th. StockNews.com lowered shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Friday, August 12th. Rosenblatt Securities lowered their target price on shares of Universal Technical Institute from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, August 4th. Finally, Argus raised shares of Universal Technical Institute from a "hold" rating to a "buy" rating and set a $10.00 price target on the stock in a research note on Tuesday, June 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $11.80.
Universal Technical Institute Trading Down 1.1 %
Universal Technical Institute stock traded down $0.08 during midday trading on Wednesday, reaching $7.01. 220,626 shares of the stock traded hands, compared to its average volume of 269,394. The firm has a market cap of $236.71 million, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.90 and a beta of 0.65. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $7.56 and a two-hundred day simple moving average of $8.42. Universal Technical Institute has a 12-month low of $6.43 and a 12-month high of $11.45.
Insider Activity
In related news, CEO Jerome Alan Grant sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $9.08, for a total transaction of $181,600.00. Following the sale, the chief executive officer now directly owns 87,152 shares of the company's stock, valued at approximately $791,340.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.50% of the company's stock.