Universal Technical Institute’s (UTI) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Universal Technical Institute (NYSE:UTI) in a research report released on Wednesday, Benzinga reports. The brokerage currently has a $22.00 price objective on the stock.

Several other research firms also recently issued reports on UTI. Truist Financial initiated coverage on Universal Technical Institute in a research note on Thursday, July 25th. They issued a buy rating and a $22.00 price objective for the company. Barrington Research reaffirmed an outperform rating and set a $22.00 price target on shares of Universal Technical Institute in a research note on Wednesday, August 7th. B. Riley reiterated a buy rating and set a $22.00 price target (up previously from $20.00) on shares of Universal Technical Institute in a report on Thursday, May 30th. StockNews.com upgraded Universal Technical Institute from a hold rating to a buy rating in a report on Wednesday, August 7th. Finally, Northland Securities lifted their target price on Universal Technical Institute from $18.00 to $20.00 and gave the stock an outperform rating in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $21.60.

Universal Technical Institute Stock Performance

NYSE UTI opened at $16.76 on Wednesday. The firm’s fifty day moving average price is $17.37 and its two-hundred day moving average price is $15.86. The stock has a market cap of $901.86 million, a PE ratio of 46.56, a PEG ratio of 1.56 and a beta of 1.35. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.02. Universal Technical Institute has a fifty-two week low of $7.78 and a fifty-two week high of $19.79.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. Universal Technical Institute had a return on equity of 12.66% and a net margin of 3.82%. The company had revenue of $177.46 million for the quarter, compared to the consensus estimate of $172.33 million. During the same quarter last year, the business posted ($0.05) EPS. On average, equities analysts expect that Universal Technical Institute will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the completion of the sale, the chief executive officer now directly owns 136,443 shares in the company, valued at approximately $2,391,845.79. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 27.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors and hedge funds have recently made changes to their positions in the business. RiverPark Advisors LLC bought a new stake in Universal Technical Institute in the second quarter worth approximately $43,000. New York State Common Retirement Fund increased its stake in shares of Universal Technical Institute by 28.0% in the 4th quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock valued at $131,000 after acquiring an additional 2,296 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of 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 valued at $150,000 after acquiring an additional 9,512 shares during the period. EntryPoint Capital LLC boosted its stake in Universal Technical Institute by 54.2% during the first quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock worth $165,000 after acquiring an additional 3,643 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in Universal Technical Institute in the second quarter worth $167,000. Institutional investors own 75.67% of the company’s stock.

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.