Q3 2024 EPS Estimates for Universal Technical Institute, Inc. Lifted by Barrington Research (NYSE:UTI)

Universal Technical Institute, Inc. (NYSE:UTI) – Equities researchers at Barrington Research boosted their Q3 2024 EPS estimates for shares of Universal Technical Institute in a research report issued to clients and investors on Thursday, May 9th. Barrington Research analyst A. Paris now anticipates that the company will earn $0.11 per share for the quarter, up from their prior estimate of $0.10. Barrington Research has a “Outperform” rating and a $20.00 price objective on the stock. The consensus estimate for Universal Technical Institute’s current full-year earnings is $0.71 per share. Barrington Research also issued estimates for Universal Technical Institute’s Q4 2024 earnings at $0.28 EPS.

Several other equities analysts have also recently issued reports on the company. TheStreet upgraded Universal Technical Institute from a “c+” rating to a “b” rating in a research report on Thursday, February 1st. StockNews.com upgraded Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $18.00 price objective on shares of Universal Technical Institute in a research report on Monday, April 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.80.

Universal Technical Institute Trading Down 1.1 %

Shares of Universal Technical Institute stock opened at $15.02 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.02 and a debt-to-equity ratio of 0.60. The firm has a market cap of $511.81 million, a price-to-earnings ratio of 41.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. Universal Technical Institute has a 52-week low of $5.68 and a 52-week high of $17.09. The company’s 50-day simple moving average is $15.06 and its 200-day simple moving average is $13.43.

Institutional Trading of Universal Technical Institute

Institutional investors and hedge funds have recently modified their holdings of the business. Washington University acquired a new position in shares of Universal Technical Institute during the 4th quarter worth approximately $35,886,000. Vanguard Group Inc. increased its position in Universal Technical Institute by 55.0% during the first quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock worth $37,872,000 after buying an additional 842,765 shares in the last quarter. Acadian Asset Management LLC increased its position in Universal Technical Institute by 2,058.7% during the first quarter. Acadian Asset Management LLC now owns 298,849 shares of the company’s stock worth $4,763,000 after buying an additional 285,005 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Universal Technical Institute by 341.1% in the first quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company’s stock worth $5,329,000 after acquiring an additional 258,532 shares during the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of Universal Technical Institute in the third quarter valued at $1,557,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 8,719 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $15.07, for a total value of $131,395.33. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at $301,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 27.60% 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.