Rosenblatt Securities Increases Universal Technical Institute (NYSE:UTI) Price Target to $22.00

Universal Technical Institute (NYSE:UTI) had its target price raised by Rosenblatt Securities from $20.00 to $22.00 in a research report released on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also commented on the company. Northland Securities reiterated an outperform rating and issued a $18.00 target price on shares of Universal Technical Institute in a research note on Friday, July 12th. Barrington Research upped their price target on shares of Universal Technical Institute from $20.00 to $22.00 and gave the stock an outperform rating in a research report on Wednesday, July 24th. Truist Financial started coverage on shares of Universal Technical Institute in a research note on Thursday, July 25th. They set a buy rating and a $22.00 price objective on the stock. StockNews.com downgraded Universal Technical Institute from a buy rating to a hold rating in a report on Thursday, July 25th. Finally, B. Riley reiterated a buy rating and issued a $22.00 price target (up from $20.00) on shares of Universal Technical Institute in a research note on Thursday, May 30th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $19.50.

Universal Technical Institute Price Performance

Universal Technical Institute stock opened at $18.94 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.02. Universal Technical Institute has a one year low of $7.11 and a one year high of $19.79. The company has a market cap of $1.02 billion, a P/E ratio of 52.61, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. The business has a fifty day moving average of $16.10 and a two-hundred day moving average of $15.33.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $184.18 million for the quarter, compared to analyst estimates of $177.01 million. Universal Technical Institute had a net margin of 2.97% and a return on equity of 10.55%. As a group, analysts predict that Universal Technical Institute will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at Universal Technical Institute

In related news, Director Loretta Lydia Sanchez sold 6,288 shares of Universal Technical Institute stock in a transaction on Friday, May 24th. The shares were sold at an average price of $15.22, for a total value of $95,703.36. Following the transaction, the director now owns 13,712 shares in the company, valued at approximately $208,696.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Universal Technical Institute

A number of hedge funds have recently modified their holdings of UTI. Rothschild Investment LLC bought a new position in Universal Technical Institute in the second quarter worth $917,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Universal Technical Institute by 95,120.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after buying an additional 9,512 shares in the last quarter. Conestoga Capital Advisors LLC bought a new position in shares of Universal Technical Institute during the 2nd quarter worth about $1,224,000. Pullen Investment Management LLC boosted its position in shares of Universal Technical Institute by 2.9% during the 2nd quarter. Pullen Investment Management LLC now owns 56,420 shares of the company’s stock valued at $887,000 after acquiring an additional 1,600 shares in the last quarter. Finally, RiverPark Advisors LLC acquired a new stake in Universal Technical Institute during the second quarter valued at approximately $43,000. Institutional investors own 75.67% of the company’s stock.

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.