Universal Technical Institute Inc (NYSE:UTI) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Universal Technical Institute Inc (NYSE:UTI) have received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $42.83.

A number of research analysts have recently issued reports on UTI shares. Northland Securities set a $35.00 target price on Universal Technical Institute in a report on Thursday, September 10th. Truist Financial decreased their price target on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price objective on shares of Universal Technical Institute in a research note on Thursday, August 6th. Finally, Texas Capital downgraded shares of Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a research report on Monday.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $20.64 on Friday. Universal Technical Institute has a one year low of $19.52 and a one year high of $51.34. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 2.24 and a beta of 1.17. The company has a 50-day simple moving average of $27.35 and a 200-day simple moving average of $35.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%.The firm had revenue of $218.91 million for the quarter, compared to analysts’ expectations of $220.40 million. On average, analysts predict that Universal Technical Institute will post 0.61 EPS for the current year.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, CEO Jerome Grant sold 94,500 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the transaction, the chief executive officer owned 335,715 shares in the company, valued at approximately $13,898,601. The trade was a 21.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 9.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Universal Technical Institute in the second quarter worth $526,000. Baird Financial Group Inc. purchased a new stake in shares of Universal Technical Institute during the 2nd quarter worth $13,471,000. Nykredit A S acquired a new position in shares of Universal Technical Institute during the 2nd quarter worth $25,000. HighTower Advisors LLC grew its stake in shares of Universal Technical Institute by 9.4% during the 2nd quarter. HighTower Advisors LLC now owns 10,785 shares of the company’s stock worth $461,000 after purchasing an additional 929 shares during the period. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Universal Technical Institute by 18.7% in the 2nd quarter. Alyeska Investment Group L.P. now owns 1,075,771 shares of the company’s stock valued at $46,011,000 after purchasing an additional 169,513 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary education and training for careers in the transportation, skilled trades and energy industries. The company offers programs in automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, wind energy and other technical fields, combining classroom instruction with hands-on laboratory experience.

Universal Technical Institute operates through a portfolio of specialized school brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute and MIAT College of Technology.