Universal Technical Institute (NYSE:UTI) Price Target Raised to $42.00
by Teresa Graham · The Cerbat GemUniversal Technical Institute (NYSE:UTI – Get Free Report) had its price target lifted by stock analysts at Barrington Research from $36.00 to $42.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price objective suggests a potential upside of 26.64% from the company’s current price.
UTI has been the topic of a number of other reports. B. Riley Financial reiterated a “buy” rating on shares of Universal Technical Institute in a research report on Thursday, April 30th. Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a research report on Thursday, April 30th. Zacks Research raised shares of Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, February 5th. Finally, Weiss Ratings downgraded Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Universal Technical Institute currently has a consensus rating of “Moderate Buy” and an average price target of $42.80.
Get Our Latest Research Report on UTI
Universal Technical Institute Stock Down 10.3%
NYSE UTI traded down $3.80 during trading on Thursday, reaching $33.16. 88,132 shares of the company’s stock were exchanged, compared to its average volume of 682,679. Universal Technical Institute has a 1 year low of $21.29 and a 1 year high of $40.41. The stock has a market cap of $1.82 billion, a P/E ratio of 34.09, a price-to-earnings-growth ratio of 3.34 and a beta of 1.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50 day moving average price of $36.42 and a two-hundred day moving average price of $30.84.
Universal Technical Institute (NYSE:UTI – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. The company had revenue of $221.40 million during the quarter, compared to the consensus estimate of $221.61 million. On average, equities research analysts anticipate that Universal Technical Institute will post 0.77 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director George W. Brochick sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $36.59, for a total transaction of $182,950.00. Following the completion of the transaction, the director directly owned 27,516 shares in the company, valued at $1,006,810.44. This represents a 15.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sherrell Smith sold 22,671 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $37.10, for a total value of $841,094.10. Following the completion of the sale, the executive vice president owned 37,474 shares in the company, valued at $1,390,285.40. The trade was a 37.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 145,961 shares of company stock worth $5,248,127. 9.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of UTI. Coliseum Capital Management LLC raised its stake in shares of Universal Technical Institute by 46.2% in the fourth quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock worth $103,774,000 after purchasing an additional 1,255,173 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in Universal Technical Institute by 1,366.0% in the first quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company’s stock valued at $46,646,000 after purchasing an additional 1,203,985 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Universal Technical Institute by 132.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock worth $52,217,000 after acquiring an additional 1,140,465 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Universal Technical Institute by 65.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company’s stock worth $41,797,000 after purchasing an additional 631,070 shares during the period. Finally, Nuveen LLC grew its stake in Universal Technical Institute by 168.8% in the 4th quarter. Nuveen LLC now owns 995,323 shares of the company’s stock valued at $26,008,000 after buying an additional 625,102 shares in the last quarter. 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 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.