Barrington Research Forecasts Strong Price Appreciation for Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute (NYSE:UTI) had its price target boosted by Barrington Research from $30.00 to $35.00 in a report issued on Thursday,Benzinga reports. Barrington Research currently has an outperform rating on the stock.

Several other equities analysts also recently commented on the stock. B. Riley upped their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Rosenblatt Securities upped their target price on Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday. Lake Street Capital raised their price target on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Truist Financial upped their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Northland Securities lifted their target price on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $31.17.

Universal Technical Institute Price Performance

NYSE:UTI opened at $29.52 on Thursday. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 1.90 and a beta of 1.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day simple moving average of $26.13 and a 200-day simple moving average of $20.67. Universal Technical Institute has a 1 year low of $13.23 and a 1 year high of $30.56.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a return on equity of 16.41% and a net margin of 5.34%. Equities analysts forecast that Universal Technical Institute will post 0.96 EPS for the current year.

Insiders Place Their Bets

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the transaction, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. This represents a 18.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 15.10% of the company’s stock.

Hedge Funds Weigh In On Universal Technical Institute

Institutional investors have recently bought and sold shares of the business. Covestor Ltd boosted its position in Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after acquiring an additional 1,564 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Universal Technical Institute by 9.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock worth $389,000 after purchasing an additional 2,083 shares during the last quarter. Principal Financial Group Inc. boosted its position in Universal Technical Institute by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 26,623 shares of the company’s stock valued at $684,000 after purchasing an additional 2,335 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Universal Technical Institute by 27.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock worth $197,000 after buying an additional 2,596 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Universal Technical Institute by 13.5% during the 3rd quarter. Inspire Investing LLC now owns 25,556 shares of the company’s stock valued at $416,000 after purchasing an additional 3,032 shares during the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.