Universal Technical Institute’s (UTI) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Universal Technical Institute (NYSE:UTI) in a research report sent to investors on Wednesday morning, Benzinga reports. Rosenblatt Securities currently has a $22.00 price objective on the stock.

UTI has been the subject of a number of other research reports. Barrington Research increased their price target on Universal Technical Institute from $20.00 to $22.00 and gave the stock an outperform rating in a research note on Wednesday, July 24th. B. Riley reissued a buy rating and set a $22.00 target price (up previously from $20.00) on shares of Universal Technical Institute in a research note on Thursday, May 30th. Truist Financial initiated coverage on Universal Technical Institute in a report on Thursday, July 25th. They issued a buy rating and a $22.00 price target on the stock. StockNews.com lowered shares of Universal Technical Institute from a buy rating to a hold rating in a report on Thursday, July 25th. Finally, Northland Securities reissued an outperform rating and issued a $18.00 target price on shares of Universal Technical Institute in a report on Friday, July 12th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Universal Technical Institute has a consensus rating of Buy and a consensus target price of $21.60.

Universal Technical Institute Stock Performance

Shares of NYSE UTI opened at $17.06 on Wednesday. Universal Technical Institute has a 12-month low of $7.70 and a 12-month high of $19.79. The firm has a market capitalization of $917.85 million, a price-to-earnings ratio of 47.39, a price-to-earnings-growth ratio of 1.64 and a beta of 1.26. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $16.34 and a 200 day moving average of $15.51.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Universal Technical Institute had a return on equity of 13.19% and a net margin of 3.82%. The company had revenue of $177.46 million for the quarter, compared to analysts’ expectations of $172.33 million. During the same period last year, the firm earned ($0.05) EPS. On average, research analysts anticipate that Universal Technical Institute will post 0.71 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Loretta Lydia Sanchez sold 6,288 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $15.22, for a total transaction of $95,703.36. Following the completion of the transaction, the director now owns 13,712 shares in the company, valued at approximately $208,696.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 27.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Universal Technical Institute by 55.0% during the first quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock valued at $37,872,000 after purchasing an additional 842,765 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Universal Technical Institute during the 2nd quarter valued at $9,032,000. Pembroke Management LTD increased its holdings 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. Acadian Asset Management LLC raised its position 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 in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Universal Technical Institute by 341.1% during the 1st quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company’s stock worth $5,329,000 after purchasing an additional 258,532 shares during the last quarter. 75.67% of the stock is currently 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.