Universal Technical Institute Inc (NYSE:UTI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Universal Technical Institute Inc (NYSE:UTI) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $44.80.

A number of brokerages have recently commented on UTI. Truist Financial upped their price target on Universal Technical Institute from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Weiss Ratings raised shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Barrington Research boosted their price objective on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 7th. Finally, Rosenblatt Securities increased their target price on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 7th.

Insider Buying and Selling

In related news, CAO Christine Kline sold 3,500 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the sale, the chief accounting officer owned 43,006 shares of the company’s stock, valued at approximately $1,910,326.52. This trade represents a 7.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of Universal Technical Institute stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $41.40, for a total value of $124,200,000.00. Following the transaction, the director owned 971,440 shares in the company, valued at approximately $40,217,616. This represents a 75.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,117,545 shares of company stock worth $128,998,420 over the last ninety days. Insiders own 9.80% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Several large investors have recently modified their holdings of the business. Coliseum Capital Management LLC raised its position in shares of Universal Technical Institute by 46.2% during the fourth quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock worth $103,774,000 after purchasing an additional 1,255,173 shares during the period. Conestoga Capital Advisors LLC grew its position in shares of Universal Technical Institute by 1,366.0% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company’s stock valued at $46,646,000 after purchasing an additional 1,203,985 shares during the period. Thrivent Financial for Lutherans increased its stake in Universal Technical Institute by 132.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock worth $52,217,000 after purchasing an additional 1,140,465 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Universal Technical Institute by 65.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company’s stock worth $41,797,000 after purchasing an additional 631,070 shares in the last quarter. Finally, Nuveen LLC raised its holdings in Universal Technical Institute by 168.8% during the 4th quarter. Nuveen LLC now owns 995,323 shares of the company’s stock worth $26,008,000 after buying an additional 625,102 shares during the period. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Trading Down 0.3%

NYSE UTI opened at $48.12 on Friday. The stock has a 50-day simple moving average of $39.69 and a 200 day simple moving average of $34.45. The company has a market capitalization of $2.65 billion, a PE ratio of 62.49, a P/E/G ratio of 4.23 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. Universal Technical Institute has a 12 month low of $21.29 and a 12 month high of $48.31.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%.The firm had revenue of $221.40 million for the quarter, compared to analysts’ expectations of $221.61 million. Research analysts forecast that Universal Technical Institute will post 0.76 EPS for the current year.

About Universal Technical Institute

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.