Brokerages Set Universal Technical Institute, Inc. (NYSE:UTI) PT at $26.33

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have received an average rating of “Buy” from the six analysts that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $26.33.

Several equities analysts have recently issued reports on UTI shares. Barrington Research lifted their price objective 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 boosted their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Lake Street Capital raised their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Truist Financial boosted their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Northland Securities raised their price target on Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th.

Insiders Place Their Bets

In related news, Director Kenneth R. Trammell sold 30,000 shares of the company’s stock in a transaction on 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 sale, the director now owns 128,205 shares in the company, valued at $3,323,073.60. This represents a 18.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in shares of Universal Technical Institute by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 121,268 shares of the company’s stock valued at $1,908,000 after purchasing an additional 7,112 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Universal Technical Institute by 95,120.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after buying an additional 9,512 shares during the last quarter. Arizona State Retirement System acquired a new stake in shares of Universal Technical Institute in the 2nd quarter worth $189,000. Great Lakes Advisors LLC acquired a new stake in shares of Universal Technical Institute in the 2nd quarter worth $3,103,000. Finally, ClariVest Asset Management LLC boosted its holdings in shares of Universal Technical Institute by 2.7% in the second quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock valued at $1,215,000 after acquiring an additional 2,060 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $26.20 on Wednesday. Universal Technical Institute has a fifty-two week low of $12.14 and a fifty-two week high of $26.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08. The company has a 50 day moving average price of $23.18 and a 200 day moving average price of $18.98. The stock has a market capitalization of $1.42 billion, a P/E ratio of 35.41, a PEG ratio of 1.78 and a beta of 1.48.

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.