Universal Technical Institute (NYSE:UTI) Sets New 52-Week High – What’s Next?

Universal Technical Institute, Inc. (NYSE:UTI) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $26.65 and last traded at $26.23, with a volume of 52265 shares changing hands. The stock had previously closed at $26.12.

Analyst Ratings Changes

A number of research analysts recently commented on UTI shares. Lake Street Capital upped their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. B. Riley upped their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barrington Research upped their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Truist Financial upped their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Northland Securities upped their price target on shares of Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Universal Technical Institute has a consensus rating of “Buy” and an average target price of $25.33.

Universal Technical Institute Stock Performance

The stock’s 50-day moving average is $19.60 and its 200-day moving average is $17.58. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 1.77 and a beta of 1.48. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the transaction, the director now directly owns 128,205 shares of the company’s stock, valued at $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UTI. Dimensional Fund Advisors LP raised its stake in shares of Universal Technical Institute by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,004,788 shares of the company’s stock valued at $31,533,000 after buying an additional 36,135 shares during the period. Geode Capital Management LLC boosted its stake in Universal Technical Institute by 9.8% in the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock worth $15,496,000 after buying an additional 85,417 shares in the last quarter. FMR LLC boosted its stake in Universal Technical Institute by 73,048.1% in the third quarter. FMR LLC now owns 879,240 shares of the company’s stock worth $14,296,000 after buying an additional 878,038 shares in the last quarter. State Street Corp boosted its stake in shares of Universal Technical Institute by 3.6% during the third quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after purchasing an additional 29,461 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Universal Technical Institute by 5.4% during the second quarter. American Century Companies Inc. now owns 765,562 shares of the company’s stock valued at $12,042,000 after purchasing an additional 39,553 shares during the period. 75.67% of the stock is owned by 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.