Universal Technical Institute Inc (NYSE:UTI) Receives $43.83 Average Price Target from Analysts

Shares of Universal Technical Institute Inc (NYSE:UTI) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $43.8333.

A number of equities analysts have recently issued reports on UTI shares. Barrington Research increased their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings downgraded shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Griffin Securities set a $49.00 target price on shares of Universal Technical Institute in a research report on Thursday, April 30th. Truist Financial dropped their target price on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $45.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 6th.

Universal Technical Institute Trading Down 1.7%

NYSE UTI opened at $22.12 on Monday. 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 has a market cap of $1.22 billion, a PE ratio of 35.68, a P/E/G ratio of 2.47 and a beta of 1.25. Universal Technical Institute has a one year low of $21.29 and a one year high of $51.34. The firm’s fifty day moving average is $37.15 and its two-hundred day moving average is $36.72.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%.The company had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. Analysts expect that Universal Technical Institute will post 0.61 earnings per share for the current year.

Insider Buying and Selling at Universal Technical Institute

In related news, CEO Jerome Alan Grant sold 94,500 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 335,715 shares of the company’s stock, valued at approximately $13,898,601. This represents a 21.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin Prehn sold 4,545 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total value of $181,800.00. Following the sale, the insider directly owned 27,025 shares in the company, valued at approximately $1,081,000. The trade was a 14.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,102,545 shares of company stock worth $128,449,570 over the last ninety days. 9.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of UTI. Royal Bank of Canada lifted its stake in shares of Universal Technical Institute by 47.6% in the 1st quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock valued at $1,144,000 after purchasing an additional 14,364 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Universal Technical Institute during the 1st quarter worth approximately $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Universal Technical Institute by 23.2% during the 1st 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 in the last quarter. NewEdge Advisors LLC purchased a new position in 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 raised its holdings in Universal Technical Institute by 13.4% in the first 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 buying an additional 9,951 shares during the period. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

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.