Barrington Research Reaffirms Outperform Rating for Universal Technical Institute (NYSE:UTI)

Barrington Research reissued their outperform rating on shares of Universal Technical Institute (NYSE:UTI) in a research note released on Wednesday, Benzinga reports. They currently have a $22.00 target price on the stock. Barrington Research also issued estimates for Universal Technical Institute’s Q4 2024 earnings at $0.30 EPS.

UTI has been the subject of several other reports. StockNews.com downgraded Universal Technical Institute from a buy rating to a hold rating in a research note on Thursday, July 25th. Northland Securities restated an outperform rating and set a $18.00 price objective on shares of Universal Technical Institute in a research note on Friday, July 12th. Truist Financial started coverage on Universal Technical Institute in a report on Thursday, July 25th. They set a buy rating and a $22.00 price objective on the stock. Rosenblatt Securities reiterated a buy rating and set a $22.00 target price on shares of Universal Technical Institute in a research note on Wednesday. Finally, B. Riley restated a buy rating and issued a $22.00 price target (up previously from $20.00) on shares of Universal Technical Institute in a research note on Thursday, May 30th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute currently has a consensus rating of Buy and a consensus target price of $21.60.

Universal Technical Institute Trading Down 0.7 %

Shares of UTI opened at $17.06 on Wednesday. Universal Technical Institute has a 12 month low of $7.70 and a 12 month high of $19.79. The stock’s 50-day moving average is $16.34 and its two-hundred day moving average is $15.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $917.85 million, a PE ratio of 47.39, a P/E/G ratio of 1.64 and a beta of 1.26.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $177.46 million for the quarter, compared to analyst estimates of $172.33 million. Universal Technical Institute had a return on equity of 13.19% and a net margin of 3.82%. During the same period in the previous year, the company posted ($0.05) EPS. Equities analysts forecast that Universal Technical Institute will post 0.71 earnings per share for the current fiscal year.

Insider Activity at Universal Technical Institute

In other news, Director Loretta Lydia Sanchez sold 6,288 shares of the firm’s stock in a transaction dated 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 directly owns 13,712 shares in the company, valued at approximately $208,696.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Several large investors have recently added to or reduced their stakes in UTI. International Assets Investment Management LLC increased its stake in shares of Universal Technical Institute by 1,152.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock valued at $39,000 after purchasing an additional 2,880 shares during the period. RiverPark Advisors LLC acquired a new stake in Universal Technical Institute in the 2nd quarter valued at approximately $43,000. AJOVista LLC bought a new stake in Universal Technical Institute during the 4th quarter valued at $78,000. Bfsg LLC acquired a new position in Universal Technical Institute during the 4th quarter worth $102,000. Finally, New York State Common Retirement Fund grew its stake in shares of Universal Technical Institute by 28.0% in the fourth quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock worth $131,000 after purchasing an additional 2,296 shares in the last quarter. 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.