Universal Technical Institute’s (UTI) Outperform Rating Reaffirmed at Barrington Research

Barrington Research restated their outperform rating on shares of Universal Technical Institute (NYSE:UTI) in a report released on Friday morning,Benzinga reports. Barrington Research currently has a $22.00 target price on the stock.

A number of other research analysts also recently issued reports on UTI. Northland Securities boosted their target price on shares of Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. B. Riley raised their price objective 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. Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Finally, Truist Financial assumed coverage on shares of Universal Technical Institute in a research report on Thursday, July 25th. They set a “buy” rating and a $22.00 price target on the stock. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $22.20.

Universal Technical Institute Stock Performance

NYSE:UTI traded up $0.07 during midday trading on Friday, hitting $19.61. The company’s stock had a trading volume of 232,561 shares, compared to its average volume of 304,534. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. Universal Technical Institute has a fifty-two week low of $9.98 and a fifty-two week high of $20.73. The firm’s 50 day moving average is $16.85 and its 200-day moving average is $16.47. The firm has a market cap of $1.06 billion, a P/E ratio of 39.22, a P/E/G ratio of 1.42 and a beta of 1.34.

Insider Activity

In other news, CEO Jerome Alan Grant sold 68,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the transaction, the chief executive officer now owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. The trade was a 33.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Universal Technical Institute

Institutional investors have recently bought and sold shares of the company. FMR LLC raised its position in Universal Technical Institute by 73,048.1% in the third quarter. FMR LLC now owns 879,240 shares of the company’s stock valued at $14,296,000 after purchasing an additional 878,038 shares during the period. Vanguard Group Inc. boosted its stake in Universal Technical Institute by 55.0% during the first quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock worth $37,872,000 after buying an additional 842,765 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Universal Technical Institute during the second quarter valued at about $9,032,000. Pembroke Management LTD raised its stake in shares of Universal Technical Institute by 646.3% in the 2nd quarter. Pembroke Management LTD now owns 369,308 shares of the company’s stock valued at $5,809,000 after acquiring an additional 319,820 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Universal Technical Institute by 2,058.7% in the 1st quarter. Acadian Asset Management LLC now owns 298,849 shares of the company’s stock worth $4,763,000 after acquiring an additional 285,005 shares during the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.