Research Analysts’ Recent Ratings Changes for Universal Technical Institute (UTI)

Universal Technical Institute (NYSE: UTI) has recently received a number of price target changes and ratings updates:

• 8/7/2024 – Universal Technical Institute had its price target raised by analysts at Northland Securities from $18.00 to $20.00. They now have an “outperform” rating on the stock.
• 8/7/2024 – Universal Technical Institute had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $22.00 price target on the stock.
• 8/7/2024 – Universal Technical Institute was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 8/7/2024 – Universal Technical Institute had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $22.00 price target on the stock.
• 7/29/2024 – Universal Technical Institute had its price target raised by analysts at Rosenblatt Securities from $20.00 to $22.00. They now have a “buy” rating on the stock.
• 7/25/2024 – Universal Technical Institute was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 7/25/2024 – Universal Technical Institute is now covered by analysts at Truist Financial Co.. They set a “buy” rating and a $22.00 price target on the stock.
• 7/24/2024 – Universal Technical Institute had its price target raised by analysts at Barrington Research from $20.00 to $22.00. They now have an “outperform” rating on the stock.
• 7/12/2024 – Universal Technical Institute had its “outperform” rating reaffirmed by analysts at Northland Securities. They now have a $18.00 price target on the stock.
• 6/26/2024 – Universal Technical Institute was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 6/15/2024 – Universal Technical Institute was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Universal Technical Institute Price Performance

Shares of UTI traded down $0.37 during mid-day trading on Monday, reaching $16.69. The company had a trading volume of 504,239 shares, compared to its average volume of 610,506. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $898.09 million, a P/E ratio of 46.36, a P/E/G ratio of 1.61 and a beta of 1.26. Universal Technical Institute, Inc. has a twelve month low of $7.70 and a twelve month high of $19.79. The company’s 50-day moving average is $16.34 and its 200-day moving average is $15.52.

Universal Technical Institute (NYSE:UTI) last posted its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Universal Technical Institute had a net margin of 3.82% and a return on equity of 12.66%. The business had revenue of $177.46 million for the quarter, compared to analyst estimates of $172.33 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. On average, equities analysts anticipate that Universal Technical Institute, Inc. will post 0.71 EPS for the current year.

Insider Buying and Selling

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 6,288 shares of Universal Technical Institute stock in a transaction dated Friday, May 24th. The stock was 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 $208,696.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 27.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Universal Technical Institute

Several large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its holdings in shares of Universal Technical Institute by 341.1% during the first quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company’s stock worth $5,329,000 after buying an additional 258,532 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Universal Technical Institute in the second quarter valued at approximately $675,000. Acadian Asset Management LLC increased its holdings in shares of 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 valued at $4,763,000 after acquiring an additional 285,005 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of Universal Technical Institute by 2.6% during the fourth quarter. First Eagle Investment Management LLC now owns 437,677 shares of the company’s stock worth $5,480,000 after purchasing an additional 11,286 shares during the period. Finally, Jump Financial LLC bought a new position in shares of Universal Technical Institute in the 4th quarter worth $503,000. 75.67% of the stock is owned by institutional investors.

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.