Lake Street Capital Boosts Universal Technical Institute (NYSE:UTI) Price Target to $38.00

Universal Technical Institute (NYSE:UTI) had its price target boosted by stock analysts at Lake Street Capital from $35.00 to $38.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s target price points to a potential upside of 10.61% from the company’s previous close.

Several other analysts have also recently commented on the company. B. Riley began coverage on Universal Technical Institute in a report on Friday, March 28th. They issued a “buy” rating and a $31.00 price target for the company. Rosenblatt Securities reissued a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, May 8th. Northland Securities raised their price target on Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Barrington Research lifted their price objective on Universal Technical Institute from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Universal Technical Institute has a consensus rating of “Buy” and a consensus price target of $35.83.

Universal Technical Institute Stock Down 2.7%

UTI opened at $34.36 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day simple moving average of $28.74 and a 200-day simple moving average of $26.72. The stock has a market capitalization of $1.87 billion, a P/E ratio of 35.42, a P/E/G ratio of 1.92 and a beta of 1.57. Universal Technical Institute has a 12 month low of $13.66 and a 12 month high of $36.32.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.14 by $0.07. The business had revenue of $207.45 million during the quarter, compared to analysts’ expectations of $196.63 million. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. On average, equities analysts anticipate that Universal Technical Institute will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director George W. Brochick sold 8,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the transaction, the director now directly owns 34,917 shares of the company’s stock, valued at $963,360.03. The trade was a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Todd A. Hitchcock sold 27,500 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $33.36, for a total value of $917,400.00. Following the completion of the transaction, the chief operating officer now directly owns 80,521 shares of the company’s stock, valued at approximately $2,686,180.56. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,024 shares of company stock valued at $3,686,890. 15.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Universal Technical Institute

Institutional investors have recently made changes to their positions in the stock. Covestor Ltd raised its holdings in shares of Universal Technical Institute by 24.4% in the fourth quarter. Covestor Ltd now owns 1,977 shares of the company’s stock worth $51,000 after acquiring an additional 388 shares during the last quarter. CWM LLC raised its holdings in shares of Universal Technical Institute by 105.0% in the first quarter. CWM LLC now owns 2,167 shares of the company’s stock worth $56,000 after acquiring an additional 1,110 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Universal Technical Institute in the first quarter worth $57,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Universal Technical Institute in the first quarter valued at $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Universal Technical Institute in the first quarter valued at $68,000. 75.67% of the stock is owned by institutional investors and hedge funds.

Universal Technical Institute Company Profile

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.