Universal Technical Institute Inc (NYSE:UTI) Receives $42.50 Consensus PT from Brokerages

Shares of Universal Technical Institute Inc (NYSE:UTI) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $43.40.

UTI has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a report on Thursday, May 7th. Barrington Research increased 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Universal Technical Institute in a research report on Wednesday, May 6th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Universal Technical Institute in a research report on Thursday, April 30th.

Insider Activity

In other news, EVP Sherrell Smith sold 30,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $36.99, for a total transaction of $1,109,700.00. Following the completion of the transaction, the executive vice president directly owned 129,375 shares in the company, valued at approximately $4,785,581.25. This represents a 18.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shannon Lei Okinaka sold 10,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $34.74, for a total value of $347,400.00. Following the transaction, the director owned 19,808 shares of the company’s stock, valued at $688,129.92. This represents a 33.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 159,211 shares of company stock worth $5,744,337. 9.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. purchased a new stake in Universal Technical Institute in the third quarter worth $18,901,000. Envestnet Asset Management Inc. increased its stake in Universal Technical Institute by 68.5% in the third quarter. Envestnet Asset Management Inc. now owns 152,499 shares of the company’s stock worth $4,964,000 after purchasing an additional 61,971 shares during the period. Chatham Capital Group Inc. increased its stake in Universal Technical Institute by 73.3% in the fourth quarter. Chatham Capital Group Inc. now owns 68,512 shares of the company’s stock worth $1,790,000 after purchasing an additional 28,972 shares during the period. Vanguard Group Inc. increased its stake in Universal Technical Institute by 4.3% in the third quarter. Vanguard Group Inc. now owns 3,456,452 shares of the company’s stock worth $112,508,000 after purchasing an additional 141,426 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new stake in Universal Technical Institute in the third quarter worth $27,924,000. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Trading Up 3.2%

Shares of UTI opened at $37.24 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.17. Universal Technical Institute has a 1 year low of $21.29 and a 1 year high of $41.53. The company has a 50 day simple moving average of $36.86 and a two-hundred day simple moving average of $31.18. The firm has a market cap of $2.05 billion, a P/E ratio of 48.36, a price-to-earnings-growth ratio of 3.16 and a beta of 1.28.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The business had revenue of $221.40 million during the quarter, compared to analyst estimates of $221.61 million. On average, equities analysts expect that Universal Technical Institute will post 0.76 earnings per share for the current fiscal year.

Universal Technical Institute Company Profile

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.