Universal Technical Institute (NYSE:UTI) Hits New 1-Year High – Should You Buy?

Universal Technical Institute, Inc. (NYSE:UTI)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $26.71 and last traded at $26.28, with a volume of 18214 shares trading hands. The stock had previously closed at $26.50.

Analysts Set New Price Targets

UTI has been the topic of several research reports. Barrington Research raised their price target on Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Rosenblatt Securities lifted their price objective on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Truist Financial lifted their price target on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Lake Street Capital upped their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Northland Securities raised their price objective on Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Universal Technical Institute has an average rating of “Buy” and a consensus target price of $25.33.

Universal Technical Institute Stock Down 0.1 %

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.43 billion, a PE ratio of 35.81, a PEG ratio of 1.78 and a beta of 1.48. The firm has a 50 day moving average price of $20.46 and a 200-day moving average price of $17.87.

Insider Activity at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the transaction, the director now owns 128,205 shares of the company’s stock, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 27.60% of the company’s stock.

Institutional Trading of Universal Technical Institute

A number of institutional investors have recently added to or reduced their stakes in UTI. Hennessy Advisors Inc. purchased a new position in Universal Technical Institute during the second quarter worth $9,032,000. Bank of New York Mellon Corp lifted its position in Universal Technical Institute by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 121,268 shares of the company’s stock valued at $1,908,000 after buying an additional 7,112 shares in the last quarter. Bailard Inc. purchased a new stake in Universal Technical Institute during the 2nd quarter worth $271,000. RiverPark Advisors LLC acquired a new position in Universal Technical Institute during the 2nd quarter worth approximately $43,000. Finally, Pullen Investment Management LLC grew its position in Universal Technical Institute by 2.9% in the second 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. Hedge funds and other 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.