Universal Technical Institute (NYSE:UTI) Price Target Raised to $24.00 at Northland Securities

Universal Technical Institute (NYSE:UTI) had its price objective upped by analysts at Northland Securities from $20.00 to $24.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ price target suggests a potential upside of 20.66% from the company’s previous close.

UTI has been the subject of several other research reports. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Rosenblatt Securities reissued a “buy” rating and set a $22.00 price objective on shares of Universal Technical Institute in a report on Wednesday, September 11th. Truist Financial began coverage on Universal Technical Institute in a research report on Thursday, July 25th. They issued a “buy” rating and a $22.00 target price for the company. B. Riley boosted their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $22.00 target price on shares of Universal Technical Institute in a research report on Friday, November 15th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $23.00.

Universal Technical Institute Trading Down 0.3 %

Shares of UTI stock opened at $19.89 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. Universal Technical Institute has a 1 year low of $10.46 and a 1 year high of $20.73. The firm’s fifty day simple moving average is $17.06 and its 200 day simple moving average is $16.57. The firm has a market capitalization of $1.07 billion, a P/E ratio of 39.78, a price-to-earnings-growth ratio of 1.45 and a beta of 1.34.

Insider Buying and Selling

In other news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total value of $1,192,040.00. Following the completion of the sale, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. This trade represents a 33.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UTI. Covestor Ltd boosted its stake in Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after acquiring an additional 1,564 shares during the last quarter. RiverPark Advisors LLC acquired a new stake in shares of Universal Technical Institute during the second quarter worth $43,000. Quarry LP increased its holdings in Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after purchasing an additional 3,056 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Universal Technical Institute by 1,526.0% in the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after buying an additional 3,815 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Universal Technical Institute by 95,120.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after buying an additional 9,512 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

About Universal Technical Institute

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.