Brokerages Set Universal Technical Institute, Inc. (NYSE:UTI) Target Price at $25.33

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have earned an average recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $25.33.

UTI has been the topic of a number of research reports. Barrington Research upped their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Rosenblatt Securities increased their price objective on Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Northland Securities lifted their price objective on Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Truist Financial upped their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, B. Riley lifted 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 report on Thursday, November 7th.

Insiders Place Their Bets

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction 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 approximately $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 SEC, which is accessible through the SEC website. Company insiders own 27.60% of the company’s stock.

Institutional Trading of Universal Technical Institute

A number of large investors have recently made changes to their positions in the company. Covestor Ltd lifted its holdings in Universal Technical Institute by 6,256.0% during the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after acquiring an additional 1,564 shares in the last quarter. Pullen Investment Management LLC grew its position in shares of Universal Technical Institute by 2.9% in the 2nd quarter. Pullen Investment Management LLC now owns 56,420 shares of the company’s stock valued at $887,000 after purchasing an additional 1,600 shares during the period. ClariVest Asset Management LLC increased its stake in Universal Technical Institute by 2.7% during the 2nd quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,060 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Universal Technical Institute by 9.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock worth $389,000 after buying an additional 2,083 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Universal Technical Institute by 27.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock valued at $197,000 after buying an additional 2,596 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Down 1.1 %

Shares of NYSE UTI opened at $25.77 on Friday. Universal Technical Institute has a 12-month low of $10.46 and a 12-month high of $26.65. The firm’s 50-day simple moving average is $20.23 and its 200 day simple moving average is $17.77. 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 cap of $1.39 billion, a price-to-earnings ratio of 34.82, a price-to-earnings-growth ratio of 1.80 and a beta of 1.48.

About Universal Technical Institute

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.