Universal Technical Institute Inc (NYSE:UTI) Given Average Rating of “Moderate Buy” by Brokerages

Universal Technical Institute Inc (NYSE:UTI) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $44.80.

A number of brokerages have issued reports on UTI. Rosenblatt Securities increased their target price on shares of Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Truist Financial boosted their price target on Universal Technical Institute from $40.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Griffin Securities set a $49.00 price target on Universal Technical Institute in a report on Thursday, April 30th. Northland Securities set a $41.00 price objective on Universal Technical Institute in a research note on Thursday, May 7th. Finally, Barrington Research lifted their price objective on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th.

Universal Technical Institute Stock Performance

NYSE UTI traded down $0.26 during trading on Friday, reaching $48.47. The company’s stock had a trading volume of 658,791 shares, compared to its average volume of 840,505. The business’s fifty day moving average price is $41.05 and its 200-day moving average price is $35.26. Universal Technical Institute has a twelve month low of $21.29 and a twelve month high of $51.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 62.95, a P/E/G ratio of 4.25 and a beta of 1.23.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. As a group, analysts anticipate that Universal Technical Institute will post 0.76 EPS for the current fiscal year.

Insider Activity at Universal Technical Institute

In other news, CAO Christine Kline sold 3,500 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the sale, the chief accounting officer owned 43,006 shares in the company, valued at $1,910,326.52. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jerome Alan Grant sold 94,500 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $41.40, for a total value of $3,912,300.00. Following the completion of the sale, the chief executive officer directly owned 335,715 shares in the company, valued at approximately $13,898,601. The trade was a 21.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,117,545 shares of company stock valued at $128,998,420 in the last quarter. 9.80% of the stock is owned by corporate insiders.

Institutional Trading of Universal Technical Institute

A number of institutional investors have recently added to or reduced their stakes in UTI. Royal Bank of Canada lifted its stake in Universal Technical Institute by 47.6% during the first quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock worth $1,144,000 after purchasing an additional 14,364 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Universal Technical Institute in the 1st quarter valued at approximately $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Universal Technical Institute by 23.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock worth $711,000 after purchasing an additional 5,216 shares during the period. NewEdge Advisors LLC bought a new position in shares of Universal Technical Institute in the first quarter valued at approximately $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Universal Technical Institute by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock valued at $2,163,000 after purchasing an additional 9,951 shares during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Company Profile

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.