Universal Technical Institute (NYSE:UTI) Downgraded to “Hold” Rating by Texas Capital

Texas Capital cut shares of Universal Technical Institute (NYSE:UTI) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks reports.

UTI has been the subject of a number of other research reports. Rosenblatt Securities reissued a “buy” rating and set a $45.00 price target on shares of Universal Technical Institute in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Northland Securities set a $35.00 target price on Universal Technical Institute in a report on Thursday, September 10th. B. Riley Financial reduced their price target on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Truist Financial decreased their price target on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.83.

Universal Technical Institute Price Performance

NYSE:UTI opened at $20.66 on Monday. Universal Technical Institute has a 52 week low of $19.52 and a 52 week high of $51.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. The firm’s 50-day simple moving average is $28.68 and its 200 day simple moving average is $35.40. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 33.32, a P/E/G ratio of 2.36 and a beta of 1.17.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. As a group, sell-side analysts predict that Universal Technical Institute will post 0.61 earnings per share for the current year.

Insider Activity

In related news, CEO Jerome Grant sold 94,500 shares of the business’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 of the company’s stock, valued at $13,898,601. The trade was a 21.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 9.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Universal Technical Institute

Institutional investors and hedge funds have recently made changes to their positions in the business. Nykredit A S purchased a new stake in Universal Technical Institute in the 2nd quarter valued at $25,000. PNC Financial Services Group Inc. grew its holdings in Universal Technical Institute by 543.5% during the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $32,000 after purchasing an additional 750 shares during the period. Clearstead Advisors LLC increased its stake in shares of Universal Technical Institute by 187.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after purchasing an additional 943 shares in the last quarter. State of Wyoming bought a new stake in shares of Universal Technical Institute during the 2nd quarter valued at $109,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Universal Technical Institute in the 2nd quarter worth approximately $235,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary education and training for careers in the transportation, skilled trades and energy industries. The company offers programs in automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, wind energy and other technical fields, combining classroom instruction with hands-on laboratory experience.

Universal Technical Institute operates through a portfolio of specialized school brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute and MIAT College of Technology.