Universal Technical Institute (NYSE:UTI) Given New $35.00 Price Target at Barrington Research

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

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

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $29.52 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.61 billion, a PE ratio of 39.89, a price-to-earnings-growth ratio of 1.90 and a beta of 1.45. The firm’s 50 day moving average price is $26.13 and its 200-day moving average price is $20.67. Universal Technical Institute has a twelve month low of $13.23 and a twelve month high of $30.56.

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

Insider Activity

In related news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the transaction, the director now directly owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 15.10% of the company’s stock.

Institutional Trading of Universal Technical Institute

Hedge funds have recently bought and sold shares of the stock. Covestor Ltd increased its holdings in shares of Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after purchasing an additional 1,564 shares during the last quarter. Quarry LP grew its holdings in Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after buying an additional 3,056 shares in the last quarter. International Assets Investment Management LLC increased its stake in Universal Technical Institute by 1,526.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after acquiring an additional 3,815 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Universal Technical Institute during the 4th quarter worth approximately $79,000. Finally, Morse Asset Management Inc bought a new position in shares of Universal Technical Institute during the 3rd quarter valued at approximately $152,000. Hedge funds and other institutional investors 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.