Rosenblatt Securities Reiterates “Buy” Rating for Universal Technical Institute (NYSE:UTI)

Universal Technical Institute (NYSE:UTI)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $45.00 target price on the stock. Rosenblatt Securities’ price target points to a potential upside of 6.00% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. 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 report on Thursday, May 7th. Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Truist Financial raised their target price on shares of Universal Technical Institute from $40.00 to $47.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, Barrington Research boosted their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Universal Technical Institute currently has an average rating of “Moderate Buy” and an average price target of $44.80.

Universal Technical Institute Stock Performance

Shares of NYSE UTI opened at $42.45 on Thursday. The company has a market cap of $2.34 billion, a P/E ratio of 55.13, a P/E/G ratio of 3.70 and a beta of 1.25. Universal Technical Institute has a 52-week low of $21.29 and a 52-week 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’s fifty day moving average is $41.84 and its two-hundred day moving average is $37.03.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $218.91 million during the quarter, compared to analyst estimates of $220.40 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 Buying and Selling at Universal Technical Institute

In related news, Director Linda J. Srere sold 15,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $36.59, for a total transaction of $548,850.00. Following the completion of the transaction, the director owned 127,564 shares in the company, valued at $4,667,566.76. The trade was a 10.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $41.40, for a total value of $124,200,000.00. Following the completion of the transaction, the director directly owned 971,440 shares in the company, valued at $40,217,616. This trade represents a 75.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,117,545 shares of company stock valued at $128,998,420. 9.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Coliseum Capital Management LLC grew its holdings 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. Wasatch Advisors LP lifted its holdings in Universal Technical Institute by 22.5% during the 3rd quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock valued at $76,851,000 after buying an additional 433,824 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Universal Technical Institute by 132.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock valued at $52,217,000 after buying 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% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company’s stock valued at $41,797,000 after buying an additional 631,070 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Universal Technical Institute by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,296,989 shares of the company’s stock worth $46,826,000 after acquiring an additional 9,153 shares in the last quarter. 75.67% of the stock is currently owned by 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.