Universal Technical Institute (NYSE:UTI) Stock Rating Reaffirmed by Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Universal Technical Institute (NYSE:UTI) in a report released on Monday morning, Benzinga reports. The brokerage currently has a $18.00 price target on the stock.

Several other equities research analysts also recently issued reports on the company. StockNews.com downgraded Universal Technical Institute from a buy rating to a hold rating in a research note on Wednesday, March 27th. Northland Securities initiated coverage on shares of Universal Technical Institute in a research report on Wednesday, January 10th. They issued an outperform rating and a $16.00 price target for the company. Barrington Research reaffirmed an outperform rating and set a $18.00 price objective on shares of Universal Technical Institute in a research report on Tuesday, April 23rd. Finally, TheStreet upgraded shares of Universal Technical Institute from a c+ rating to a b rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $15.40.

Universal Technical Institute Stock Performance

Universal Technical Institute stock opened at $15.28 on Monday. Universal Technical Institute has a fifty-two week low of $5.63 and a fifty-two week high of $16.37. The firm’s 50 day simple moving average is $14.92 and its 200-day simple moving average is $13.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $520.67 million, a P/E ratio of 58.77, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.11. The firm had revenue of $174.70 million for the quarter, compared to analysts’ expectations of $168.19 million. Universal Technical Institute had a net margin of 2.41% and a return on equity of 9.25%. As a group, equities research analysts predict that Universal Technical Institute will post 0.7 EPS for the current year.

Insider Activity at Universal Technical Institute

In related news, Director Loretta Lydia Sanchez sold 8,719 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $15.07, for a total transaction of $131,395.33. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $301,400. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 27.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Universal Technical Institute

A number of large investors have recently bought and sold shares of the business. Washington University bought a new position in Universal Technical Institute during the fourth quarter valued at about $35,886,000. Dimensional Fund Advisors LP increased its holdings in shares of Universal Technical Institute by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,840,356 shares of the company’s stock valued at $23,041,000 after acquiring an additional 63,445 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of Universal Technical Institute by 6.6% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 627,893 shares of the company’s stock valued at $5,262,000 after acquiring an additional 38,630 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Universal Technical Institute by 2.6% in the 4th quarter. First Eagle Investment Management LLC now owns 437,677 shares of the company’s stock worth $5,480,000 after purchasing an additional 11,286 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Universal Technical Institute by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 277,720 shares of the company’s stock worth $2,327,000 after purchasing an additional 4,503 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors.

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.