Universal Technical Institute (NYSE:UTI) Price Target Raised to $30.00

Universal Technical Institute (NYSE:UTI) had its target price upped by analysts at Barrington Research from $25.00 to $30.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price objective points to a potential upside of 14.09% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. B. Riley upped their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Northland Securities boosted their price target on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Rosenblatt Securities raised their price objective on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Lake Street Capital boosted their target price 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, November 21st. Finally, Truist Financial upped their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $27.17.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $26.30 on Friday. The business has a 50-day simple moving average of $24.65 and a 200 day simple moving average of $19.60. Universal Technical Institute has a one year low of $13.23 and a one year high of $26.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 35.50, a PEG ratio of 1.71 and a beta of 1.45.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the sale, the director now owns 128,205 shares in the company, valued at approximately $3,323,073.60. This trade represents a 18.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 27.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Universal Technical Institute

Several institutional investors have recently modified their holdings of the business. American Century Companies Inc. lifted its holdings in Universal Technical Institute by 5.4% during the second quarter. American Century Companies Inc. now owns 765,562 shares of the company’s stock worth $12,042,000 after acquiring an additional 39,553 shares during the period. Federated Hermes Inc. raised its stake in shares of Universal Technical Institute by 7,741.2% during the 2nd quarter. Federated Hermes Inc. now owns 71,355 shares of the company’s stock worth $1,122,000 after purchasing an additional 70,445 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Universal Technical Institute by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,004,788 shares of the company’s stock worth $31,533,000 after buying an additional 36,135 shares during the last quarter. First Eagle Investment Management LLC grew its position in Universal Technical Institute by 37.2% during the second quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock valued at $8,162,000 after buying an additional 140,600 shares during the period. Finally, Sei Investments Co. bought a new position in Universal Technical Institute during the second quarter valued at about $777,000. 75.67% of the stock is owned by 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.