Universal Technical Institute (NYSE:UTI) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Universal Technical Institute (NYSE:UTI) from a hold rating to a buy rating in a research report released on Saturday morning.

A number of other brokerages have also recently issued reports on UTI. Lake Street Capital reissued a “buy” rating and issued a $38.00 target price (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Rosenblatt Securities reissued a “buy” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, August 7th. Truist Financial boosted their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Finally, Barrington Research reissued an “outperform” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $35.83.

Universal Technical Institute Trading Down 4.0%

UTI stock opened at $27.23 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. The company has a fifty day moving average price of $29.09 and a two-hundred day moving average price of $29.82. Universal Technical Institute has a one year low of $15.14 and a one year high of $36.32. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.78 and a beta of 1.65.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The firm had revenue of $204.30 million during the quarter, compared to analysts’ expectations of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. Equities analysts anticipate that Universal Technical Institute will post 1 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP raised its stake in Universal Technical Institute by 4.3% during the second quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock worth $417,000 after acquiring an additional 506 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in Universal Technical Institute by 1.2% during the second quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock worth $1,460,000 after acquiring an additional 506 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Universal Technical Institute by 4.9% during the second quarter. Verdence Capital Advisors LLC now owns 10,892 shares of the company’s stock worth $369,000 after acquiring an additional 513 shares in the last quarter. New York State Teachers Retirement System raised its stake in Universal Technical Institute by 17.0% during the second quarter. New York State Teachers Retirement System now owns 4,254 shares of the company’s stock worth $144,000 after acquiring an additional 618 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Universal Technical Institute by 2.9% during the first quarter. Principal Financial Group Inc. now owns 27,399 shares of the company’s stock worth $704,000 after acquiring an additional 776 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 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.