Universal Technical Institute, Inc. (NYSE:UTI) Given Consensus Rating of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of Universal Technical Institute, Inc. (NYSE:UTI – Get Free Report) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $15.20.

Several brokerages have commented on UTI. Northland Securities assumed coverage on shares of Universal Technical Institute in a research report on Wednesday, January 10th. They set an “outperform” rating and a $16.00 price target on the stock. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. B. Riley boosted their price objective on shares of Universal Technical Institute from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. TheStreet upgraded shares of Universal Technical Institute from a “c+” rating to a “b” rating in a research note on Thursday, February 1st. Finally, Barrington Research boosted their price objective on shares of Universal Technical Institute from $15.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th.

Get Our Latest Report on UTI

Insider Transactions at Universal Technical Institute

In other news, CFO Troy R. Anderson sold 7,173 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $10.94, for a total transaction of $78,472.62. Following the completion of the sale, the chief financial officer now owns 87,442 shares of the company’s stock, valued at approximately $956,615.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 27.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Universal Technical Institute

Several institutional investors and hedge funds have recently added to or reduced their stakes in UTI. JPMorgan Chase & Co. increased its position in Universal Technical Institute by 462.0% in the 1st quarter. JPMorgan Chase & Co. now owns 49,517 shares of the company’s stock valued at $438,000 after acquiring an additional 40,706 shares during the period. Bank of New York Mellon Corp increased its position in Universal Technical Institute by 65.2% in the 1st quarter. Bank of New York Mellon Corp now owns 65,814 shares of the company’s stock valued at $583,000 after acquiring an additional 25,977 shares during the period. American Century Companies Inc. increased its position in Universal Technical Institute by 61.1% in the 1st quarter. American Century Companies Inc. now owns 19,948 shares of the company’s stock valued at $177,000 after acquiring an additional 7,563 shares during the period. Citigroup Inc. acquired a new position in Universal Technical Institute in the 1st quarter valued at approximately $299,000. Finally, BlackRock Inc. increased its position in shares of Universal Technical Institute by 0.7% during the first quarter. BlackRock Inc. now owns 507,116 shares of the company’s stock worth $4,487,000 after buying an additional 3,325 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Price Performance

NYSE UTI opened at $14.82 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $505.07 million, a price-to-earnings ratio of 57.00, a PEG ratio of 1.38 and a beta of 1.20. The business has a 50 day simple moving average of $14.37 and a 200 day simple moving average of $11.33. Universal Technical Institute has a 52-week low of $5.63 and a 52-week high of $16.37.

Universal Technical Institute (NYSE:UTI – Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.06 by $0.11. The business had revenue of $174.70 million for the quarter, compared to analysts’ expectations of $168.19 million. Universal Technical Institute had a net margin of 2.41% and a return on equity of 9.25%. Analysts anticipate that Universal Technical Institute will post 0.7 earnings per share for the current fiscal year.

About Universal Technical Institute

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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.

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