Northland Securities Increases Universal Technical Institute (NYSE:UTI) Price Target to $20.00

Universal Technical Institute (NYSE:UTI) had its price target increased by Northland Securities from $18.00 to $20.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ price objective would indicate a potential upside of 17.58% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. StockNews.com lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Rosenblatt Securities restated a “buy” rating and issued a $22.00 price target on shares of Universal Technical Institute in a research report on Wednesday. Barrington Research restated an “outperform” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research note on Wednesday. Truist Financial began coverage on Universal Technical Institute in a research report on Thursday, July 25th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, B. Riley reissued 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Universal Technical Institute presently has a consensus rating of “Moderate Buy” and an average target price of $19.83.

Universal Technical Institute Stock Down 2.8 %

Shares of NYSE:UTI traded down $0.49 during midday trading on Wednesday, hitting $17.01. 298,469 shares of the company’s stock traded hands, compared to its average volume of 607,185. The firm’s fifty day moving average price is $16.28 and its two-hundred day moving average price is $15.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.02. Universal Technical Institute has a twelve month low of $7.46 and a twelve month high of $19.79. The company has a market cap of $915.16 million, a PE ratio of 47.44, a P/E/G ratio of 1.68 and a beta of 1.26.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Universal Technical Institute had a return on equity of 10.55% and a net margin of 2.97%. The firm had revenue of $177.46 million during the quarter, compared to analysts’ expectations of $172.33 million. During the same quarter in the prior year, the business earned ($0.05) EPS. On average, equities research analysts anticipate that Universal Technical Institute will post 0.71 EPS for the current fiscal year.

Insider Activity

In other news, Director Loretta Lydia Sanchez sold 6,288 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $15.22, for a total transaction of $95,703.36. Following the completion of the sale, the director now directly owns 13,712 shares of the company’s stock, valued at $208,696.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 27.60% of the company’s stock.

Institutional Trading of Universal Technical Institute

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its holdings in shares of Universal Technical Institute by 28.8% during the 4th quarter. SG Americas Securities LLC now owns 15,929 shares of the company’s stock valued at $199,000 after buying an additional 3,557 shares during the last quarter. International Assets Investment Management LLC grew its position in Universal Technical Institute by 1,152.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock worth $39,000 after acquiring an additional 2,880 shares in the last quarter. Strs Ohio increased its stake in shares of Universal Technical Institute by 56.8% during the 4th quarter. Strs Ohio now owns 33,400 shares of the company’s stock worth $418,000 after purchasing an additional 12,100 shares during the last quarter. Calamos Advisors LLC acquired a new position in shares of Universal Technical Institute during the 4th quarter worth $421,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Universal Technical Institute by 28.0% during the 4th quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock valued at $131,000 after purchasing an additional 2,296 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.