Universal Technical Institute (NYSE:UTI) Stock Price Expected to Rise, Barrington Research Analyst Says

Universal Technical Institute (NYSE:UTI) had its price target raised by analysts at Barrington Research from $22.00 to $25.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s price objective indicates a potential upside of 5.40% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Northland Securities raised their target price on Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 price target on shares of Universal Technical Institute in a research report on Wednesday, September 11th. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. B. Riley raised their price target 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. Finally, Lake Street Capital upped their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Universal Technical Institute has a consensus rating of “Buy” and an average price target of $24.00.

Universal Technical Institute Trading Up 19.3 %

UTI stock traded up $3.83 during midday trading on Thursday, reaching $23.72. The stock had a trading volume of 753,041 shares, compared to its average volume of 519,454. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. Universal Technical Institute has a twelve month low of $10.46 and a twelve month high of $24.44. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 47.44, a PEG ratio of 1.45 and a beta of 1.34. The business has a fifty day simple moving average of $17.06 and a two-hundred day simple moving average of $16.57.

Insider Activity

In related news, CEO Jerome Alan Grant sold 68,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total value 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 $2,391,845.79. The trade was a 33.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 27.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Universal Technical Institute

A number of institutional investors have recently modified their holdings of UTI. Geode Capital Management LLC raised its stake in Universal Technical Institute by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock worth $15,496,000 after purchasing an additional 85,417 shares in the last quarter. Guardian Wealth Management Inc. raised its position in shares of Universal Technical Institute by 5,347.0% in the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock valued at $1,407,000 after buying an additional 84,964 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Universal Technical Institute in the third quarter valued at approximately $174,000. Pier Capital LLC boosted its stake in shares of Universal Technical Institute by 57.3% in the third quarter. Pier Capital LLC now owns 553,382 shares of the company’s stock valued at $8,998,000 after buying an additional 201,573 shares during the period. Finally, State Street Corp grew its position in Universal Technical Institute by 3.6% during the third quarter. State Street Corp now owns 856,091 shares of the company’s stock worth $13,920,000 after buying an additional 29,461 shares in 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.