Northland Securities Issues Positive Forecast for Universal Technical Institute (NYSE:UTI) Stock Price

Universal Technical Institute (NYSE:UTI) had its target price lifted by Northland Securities from $30.00 to $34.00 in a research note released on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Lake Street Capital boosted their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Truist Financial upped their price target on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Rosenblatt Securities increased their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday. B. Riley increased their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Barrington Research raised their price objective on Universal Technical Institute from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Universal Technical Institute has an average rating of “Buy” and a consensus target price of $31.17.

Universal Technical Institute Stock Up 4.0 %

Shares of NYSE:UTI opened at $29.52 on Thursday. Universal Technical Institute has a 52-week low of $13.23 and a 52-week high of $30.56. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 1.90 and a beta of 1.45. The company has a 50 day moving average of $26.13 and a two-hundred day moving average of $20.67.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a return on equity of 16.41% and a net margin of 5.34%. As a group, analysts forecast that Universal Technical Institute will post 0.96 earnings per share for the current fiscal year.

Insider Activity at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the sale, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Universal Technical Institute

Large investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in shares of Universal Technical Institute by 73,048.1% during the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock worth $14,296,000 after acquiring an additional 878,038 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Universal Technical Institute in the third quarter valued at about $10,217,000. Victory Capital Management Inc. grew its position in shares of Universal Technical Institute by 1,377.1% during the 4th quarter. Victory Capital Management Inc. now owns 518,256 shares of the company’s stock worth $13,324,000 after purchasing an additional 483,170 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Universal Technical Institute by 362.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock worth $9,691,000 after buying an additional 295,408 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Universal Technical Institute by 198.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock worth $5,622,000 after purchasing an additional 229,738 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

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.