Universal Technical Institute (NYSE:UTI) Price Target Raised to $22.00

Universal Technical Institute (NYSE:UTI) had its price target raised by Barrington Research from $20.00 to $22.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s price target indicates a potential upside of 17.71% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Northland Securities reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Universal Technical Institute in a research note on Friday, July 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Universal Technical Institute in a research note on Monday, April 29th. Finally, B. Riley reaffirmed a “buy” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Universal Technical Institute in a research note on Thursday, May 30th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Universal Technical Institute presently has a consensus rating of “Buy” and a consensus price target of $18.20.

Universal Technical Institute Price Performance

NYSE:UTI traded down $0.26 during trading hours on Wednesday, reaching $18.69. 242,668 shares of the company’s stock were exchanged, compared to its average volume of 615,591. The company has a market capitalization of $1.01 billion, a P/E ratio of 51.92, a price-to-earnings-growth ratio of 1.77 and a beta of 1.26. Universal Technical Institute has a 12 month low of $7.06 and a 12 month high of $19.40. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.60. The business’s 50-day simple moving average is $15.60 and its two-hundred day simple moving average is $15.08.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $184.18 million for the quarter, compared to the consensus estimate of $177.01 million. Universal Technical Institute had a return on equity of 10.55% and a net margin of 2.97%. Sell-side analysts expect that Universal Technical Institute will post 0.71 EPS for the current fiscal year.

Insider Activity

In other news, Director Loretta Lydia Sanchez sold 6,288 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $15.22, for a total transaction of $95,703.36. Following the transaction, the director now directly owns 13,712 shares in the company, valued at approximately $208,696.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 27.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors and hedge funds have recently modified their holdings of UTI. International Assets Investment Management LLC lifted its stake in shares of Universal Technical Institute by 1,152.0% in the 4th quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock valued at $39,000 after purchasing an additional 2,880 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Universal Technical Institute by 297.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,186 shares of the company’s stock valued at $77,000 after purchasing an additional 4,629 shares during the last quarter. AJOVista LLC acquired a new stake in shares of Universal Technical Institute in the 4th quarter valued at $78,000. Bfsg LLC acquired a new stake in shares of Universal Technical Institute in the 4th quarter valued at $102,000. Finally, New York State Common Retirement Fund lifted its stake in shares of Universal Technical Institute by 28.0% in the 4th quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock valued at $131,000 after purchasing an additional 2,296 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

About Universal Technical Institute

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.