Universal Technical Institute (NYSE:UTI) Stock Price Expected to Rise, Truist Financial Analyst Says

Universal Technical Institute (NYSE:UTI) had its price target increased by analysts at Truist Financial from $22.00 to $26.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 9.61% from the company’s current price.

Several other brokerages have also recently issued reports on UTI. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Barrington Research reissued an “outperform” rating and issued a $22.00 target price on shares of Universal Technical Institute in a report on Friday, November 15th. 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 report on Thursday. Rosenblatt Securities restated a “buy” rating and set a $22.00 target price on shares of Universal Technical Institute in a research report on Wednesday, September 11th. Finally, Northland Securities increased their price target on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $24.00.

Universal Technical Institute Stock Performance

UTI traded up $3.83 during midday trading on Thursday, hitting $23.72. 753,041 shares of the company traded hands, compared to its average volume of 519,454. The company’s 50-day moving average is $17.06 and its 200 day moving average is $16.57. Universal Technical Institute has a 52 week low of $10.46 and a 52 week high of $24.44. The firm has a market capitalization of $1.28 billion, a PE ratio of 47.44, a price-to-earnings-growth ratio of 1.45 and a beta of 1.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56.

Insider Transactions at Universal Technical Institute

In related news, CEO Jerome Alan Grant sold 68,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the completion of the transaction, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. This represents a 33.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 27.60% of the company’s stock.

Institutional Trading of Universal Technical Institute

Hedge funds have recently modified their holdings of the company. Covestor Ltd increased its position in Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after purchasing an additional 1,564 shares during the last quarter. Pullen Investment Management LLC increased its holdings in shares of Universal Technical Institute by 2.9% in the 2nd quarter. Pullen Investment Management LLC now owns 56,420 shares of the company’s stock worth $887,000 after buying an additional 1,600 shares during the last quarter. ClariVest Asset Management LLC raised its position in shares of Universal Technical Institute by 2.7% during the 2nd quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock valued at $1,215,000 after buying an additional 2,060 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Universal Technical Institute by 9.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock valued at $389,000 after acquiring an additional 2,083 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Universal Technical Institute by 27.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock valued at $197,000 after acquiring an additional 2,596 shares during the last quarter. 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.