Universal Technical Institute (NYSE:UTI) Stock Gets Price Target Cut from B. Riley Financial

Universal Technical Institute (NYSE:UTI) had its price objective lowered by B. Riley Financial from $48.00 to $45.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on the stock. Weiss Ratings cut shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Rosenblatt Securities restated a “buy” rating and set a $45.00 target price on shares of Universal Technical Institute in a research report on Thursday, August 6th. Truist Financial reduced their target price on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Northland Securities set a $35.00 target price on Universal Technical Institute in a research note on Thursday, September 10th. Finally, Texas Capital cut Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Universal Technical Institute has an average rating of “Moderate Buy” and a consensus price target of $42.33.

Universal Technical Institute Trading Down 4.3%

Shares of UTI opened at $22.59 on Wednesday. Universal Technical Institute has a twelve month low of $18.02 and a twelve month high of $51.34. The stock has a market cap of $1.24 billion, a PE ratio of 36.44, a P/E/G ratio of 2.15 and a beta of 1.19. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $20.88 and its 200-day moving average price is $32.22.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $218.91 million during the quarter, compared to analyst estimates of $220.40 million. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. On average, equities analysts forecast that Universal Technical Institute will post 0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd grew its stake in shares of Universal Technical Institute by 536.9% in the third quarter. Covestor Ltd now owns 2,624 shares of the company’s stock worth $49,000 after purchasing an additional 2,212 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Universal Technical Institute by 7.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 12,400 shares of the company’s stock valued at $232,000 after purchasing an additional 900 shares during the period. State of Wyoming raised its position in Universal Technical Institute by 629.0% during the 3rd quarter. State of Wyoming now owns 18,589 shares of the company’s stock valued at $347,000 after purchasing an additional 16,039 shares during the last quarter. Sterling Capital Management LLC raised its position in Universal Technical Institute by 845.2% during the 3rd quarter. Sterling Capital Management LLC now owns 1,588 shares of the company’s stock valued at $30,000 after purchasing an additional 1,420 shares during the last quarter. Finally, Inspire Investing LLC raised its position in Universal Technical Institute by 117.5% during the 3rd quarter. Inspire Investing LLC now owns 34,437 shares of the company’s stock valued at $643,000 after purchasing an additional 18,605 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary technical education in the United States. Founded in 1965, the company prepares students for careers in transportation, skilled trades, energy, and other technical fields through hands-on instruction and industry-focused training.

Its programs cover automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, robotics and automation, wind energy, and industrial technology. The company operates under several specialized brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.