Northland Securities Raises Universal Technical Institute (NYSE:UTI) Price Target to $30.00

Universal Technical Institute (NYSE:UTI) had its price objective lifted by analysts at Northland Securities from $24.00 to $30.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ target price indicates a potential upside of 18.62% from the company’s current price.

A number of other research analysts have also issued reports on UTI. Lake Street Capital raised their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Truist Financial raised their price target on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barrington Research boosted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Rosenblatt Securities raised their target price on Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, B. Riley upped their price target on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Seven equities research 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 $26.33.

Universal Technical Institute Trading Down 0.5 %

Shares of UTI stock opened at $25.29 on Thursday. Universal Technical Institute has a 12 month low of $11.39 and a 12 month high of $26.71. The company has a market cap of $1.37 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.78 and a beta of 1.48. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $21.06 and its two-hundred day moving average is $18.04.

Insider Activity

In related news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the transaction, the director now owns 128,205 shares of the company’s stock, valued at $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 27.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Universal Technical Institute

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Universal Technical Institute by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,004,788 shares of the company’s stock valued at $31,533,000 after buying an additional 36,135 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Universal Technical Institute by 9.8% during the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after acquiring an additional 85,417 shares during the period. FMR LLC grew its holdings in shares of Universal Technical Institute by 73,048.1% in the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock worth $14,296,000 after purchasing an additional 878,038 shares during the last quarter. State Street Corp grew its holdings in shares of Universal Technical Institute by 3.6% in the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock worth $13,920,000 after purchasing an additional 29,461 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Universal Technical Institute by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 765,562 shares of the company’s stock worth $12,042,000 after purchasing an additional 39,553 shares in the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

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.