Universal Technical Institute, Inc. (NYSE:UTI) Receives $15.20 Consensus PT from Brokerages

Universal Technical Institute, Inc. (NYSE:UTI) has been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $15.20.

A number of research firms have recently weighed in on UTI. Rosenblatt Securities upped their target price on Universal Technical Institute from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. TheStreet raised Universal Technical Institute from a “c+” rating to a “b” rating in a research report on Thursday, February 1st. StockNews.com downgraded shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Barrington Research reissued an “outperform” rating and issued a $18.00 price objective on shares of Universal Technical Institute in a research report on Tuesday, April 23rd. Finally, Northland Securities assumed coverage on Universal Technical Institute in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $16.00 price target on the stock.

Universal Technical Institute Stock Performance

NYSE UTI opened at $15.20 on Friday. Universal Technical Institute has a 52-week low of $5.63 and a 52-week high of $16.37. The stock has a market cap of $518.02 million, a PE ratio of 58.46, a P/E/G ratio of 1.44 and a beta of 1.20. The firm has a 50-day moving average of $14.90 and a 200-day moving average of $12.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.09.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.11. Universal Technical Institute had a return on equity of 9.25% and a net margin of 2.41%. The business had revenue of $174.70 million during the quarter, compared to analysts’ expectations of $168.19 million. On average, sell-side analysts anticipate that Universal Technical Institute will post 0.7 EPS for the current year.

Insiders Place Their Bets

In other news, Director Loretta Lydia Sanchez sold 8,719 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $15.07, for a total value of $131,395.33. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $301,400. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 27.60% of the company’s stock.

Institutional Trading of Universal Technical Institute

Institutional investors have recently made changes to their positions in the company. Washington University purchased a new stake in Universal Technical Institute during the fourth quarter worth about $35,886,000. Tower Research Capital LLC TRC lifted its holdings in shares of Universal Technical Institute by 297.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,186 shares of the company’s stock worth $77,000 after buying an additional 4,629 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Universal Technical Institute by 15.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 426,391 shares of the company’s stock valued at $3,573,000 after purchasing an additional 55,608 shares during the period. Kennedy Capital Management LLC grew its position in shares of Universal Technical Institute by 2.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 74,516 shares of the company’s stock valued at $624,000 after purchasing an additional 1,751 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Universal Technical Institute by 45.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,459 shares of the company’s stock worth $272,000 after acquiring an additional 10,142 shares during the last quarter. 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.