Universal Technical Institute’s (UTI) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Universal Technical Institute (NYSE:UTIFree Report) in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a $36.00 target price on the stock.

Several other equities analysts also recently commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Universal Technical Institute in a research note on Monday, December 29th. Barrington Research restated an “outperform” rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.20.

Check Out Our Latest Stock Analysis on UTI

Universal Technical Institute Trading Up 3.0%

Shares of UTI opened at $25.50 on Thursday. The company’s fifty day moving average is $26.70 and its 200 day moving average is $28.20. Universal Technical Institute has a fifty-two week low of $21.29 and a fifty-two week high of $36.32. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.07 and a current ratio of 1.14. The stock has a market capitalization of $1.40 billion, a PE ratio of 26.29, a P/E/G ratio of 2.22 and a beta of 1.36.

Universal Technical Institute (NYSE:UTIGet Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. The firm had revenue of $220.84 million for the quarter, compared to analyst estimates of $216.65 million. Sell-side analysts expect that Universal Technical Institute will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling at Universal Technical Institute

In other news, Director Coliseum Capital Management, L bought 191,830 shares of Universal Technical Institute stock in a transaction dated Friday, December 5th. The stock was acquired at an average cost of $25.38 per share, with a total value of $4,868,645.40. Following the acquisition, the director owned 3,971,440 shares of the company’s stock, valued at approximately $100,795,147.20. This trade represents a 5.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders bought 1,255,173 shares of company stock valued at $30,812,798. 9.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Universal Technical Institute

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UTI. Thrivent Financial for Lutherans grew its position in shares of Universal Technical Institute by 132.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock worth $52,217,000 after acquiring an additional 1,140,465 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in Universal Technical Institute in the 3rd quarter valued at $18,901,000. Loomis Sayles & Co. L P acquired a new stake in Universal Technical Institute during the 2nd quarter worth $18,559,000. Wasatch Advisors LP boosted its stake in Universal Technical Institute by 22.5% during the 3rd quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock worth $76,851,000 after purchasing an additional 433,824 shares during the period. Finally, Alyeska Investment Group L.P. grew its position in Universal Technical Institute by 95.7% during the 3rd quarter. Alyeska Investment Group L.P. now owns 822,533 shares of the company’s stock worth $26,773,000 after purchasing an additional 402,250 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Key Universal Technical Institute News

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About Universal Technical Institute

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Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.

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