Universal Technical Institute’s (UTI) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Universal Technical Institute (NYSE:UTI) in a research note released on Tuesday morning,Benzinga reports. Barrington Research currently has a $36.00 price objective on the stock.

Other analysts have also recently issued reports about 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. Lake Street Capital reissued a “buy” rating and issued a $38.00 price target (up from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Finally, Truist Financial lifted their price objective on Universal Technical Institute from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Universal Technical Institute presently has an average rating of “Buy” and a consensus target price of $35.83.

Universal Technical Institute Stock Up 1.2%

UTI opened at $32.23 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day simple moving average of $33.13 and a 200-day simple moving average of $29.80. The stock has a market capitalization of $1.75 billion, a P/E ratio of 30.99, a P/E/G ratio of 2.01 and a beta of 1.58. Universal Technical Institute has a 12 month low of $15.14 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 21.40% and a net margin of 7.34%. On average, equities analysts anticipate that Universal Technical Institute will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling at Universal Technical Institute

In related news, Director George W. Brochick sold 6,000 shares of Universal Technical Institute stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total transaction of $191,040.00. Following the completion of the transaction, the director directly owned 32,516 shares of the company’s stock, valued at approximately $1,035,309.44. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 directly owned 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. Insiders own 15.10% of the company’s stock.

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 purchased a new stake in shares of Universal Technical Institute in the first quarter valued at $57,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Universal Technical Institute in the first quarter valued at $61,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in 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.