Universal Technical Institute Inc (NYSE:UTI) Receives $44.25 Consensus PT from Brokerages

Shares of Universal Technical Institute Inc (NYSE:UTI) have received a consensus rating of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $44.25.

A number of analysts have recently issued reports on the stock. Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a report on Thursday, May 7th. Weiss Ratings downgraded shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Barrington Research lifted their price objective on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a report on Thursday, April 30th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th.

Universal Technical Institute Stock Down 4.5%

Shares of NYSE:UTI opened at $38.95 on Wednesday. The firm has a fifty day moving average price of $38.19 and a two-hundred day moving average price of $32.63. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.17. Universal Technical Institute has a one year low of $21.29 and a one year high of $45.74. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 50.58, a PEG ratio of 3.58 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The firm had revenue of $221.40 million during the quarter, compared to the consensus estimate of $221.61 million. Analysts anticipate that Universal Technical Institute will post 0.76 EPS for the current fiscal year.

Insider Activity at Universal Technical Institute

In other news, CAO Christine Kline sold 3,500 shares of Universal Technical Institute stock in a transaction on Friday, June 5th. The shares were sold at an average price of $44.42, for a total transaction of $155,470.00. Following the completion of the sale, the chief accounting officer directly owned 43,006 shares of the company’s stock, valued at approximately $1,910,326.52. The trade was a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of Universal Technical Institute stock in a transaction on Monday, June 8th. The stock was sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the sale, the director directly owned 971,440 shares of the company’s stock, valued at $40,217,616. This represents a 75.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,023,500 shares of company stock valued at $125,087,270. 9.80% of the stock is currently owned by insiders.

Institutional Trading of Universal Technical Institute

Hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. purchased a new position in Universal Technical Institute in the 2nd quarter worth $27,000. PNC Financial Services Group Inc. raised its position in Universal Technical Institute by 543.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares during the period. Clearstead Advisors LLC raised its position in Universal Technical Institute by 187.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after purchasing an additional 943 shares during the period. NewEdge Advisors LLC purchased a new position in Universal Technical Institute in the 1st quarter worth $57,000. Finally, SBI Securities Co. Ltd. raised its position in Universal Technical Institute by 4,500.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock worth $142,000 after purchasing an additional 5,310 shares during the period. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.