Universal Technical Institute, Inc. (NYSE:UTI) Given Average Rating of “Buy” by Brokerages

Universal Technical Institute, Inc. (NYSE:UTI) has earned a consensus rating of “Buy” from the five brokerages that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $22.20.

UTI has been the topic of several research reports. B. Riley raised their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Northland Securities increased their target price on shares of Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Truist Financial assumed coverage on shares of Universal Technical Institute in a report on Thursday, July 25th. They issued a “buy” rating and a $22.00 price target for the company. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, Barrington Research reissued an “outperform” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, August 7th.

Universal Technical Institute Price Performance

Shares of UTI stock opened at $20.62 on Tuesday. The company has a market capitalization of $1.11 billion, a P/E ratio of 41.24, a P/E/G ratio of 1.48 and a beta of 1.34. The company’s 50-day simple moving average is $16.58 and its two-hundred day simple moving average is $16.35. Universal Technical Institute has a one year low of $9.36 and a one year high of $20.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02.

Insiders Place Their Bets

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the sale, the chief executive officer now owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Universal Technical Institute

A number of institutional investors have recently bought and sold shares of UTI. Vanguard Group Inc. raised its holdings in Universal Technical Institute by 55.0% in the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock worth $37,872,000 after purchasing an additional 842,765 shares during the period. Hennessy Advisors Inc. purchased a new position in Universal Technical Institute in the second quarter worth approximately $9,032,000. Pembroke Management LTD increased its position in shares of Universal Technical Institute by 646.3% during the 2nd quarter. Pembroke Management LTD now owns 369,308 shares of the company’s stock worth $5,809,000 after purchasing an additional 319,820 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Universal Technical Institute by 2,058.7% in the 1st 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 during the period. Finally, Russell Investments Group Ltd. boosted its position 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 during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.