Universal Technical Institute (NYSE:UTI) Given New $30.00 Price Target at Barrington Research

Universal Technical Institute (NYSE:UTI) had its price objective hoisted by Barrington Research from $25.00 to $30.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Barrington Research’s price objective would indicate a potential upside of 14.09% from the stock’s current price.

UTI has been the subject of a number of other research reports. Lake Street Capital boosted their price target on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. B. Riley increased their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Northland Securities lifted their price target on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Rosenblatt Securities increased 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. Finally, Truist Financial boosted their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $27.17.

Universal Technical Institute Stock Up 1.1 %

Shares of UTI opened at $26.30 on Friday. The firm has a 50 day simple moving average of $24.65 and a two-hundred day simple moving average of $19.60. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. Universal Technical Institute has a one year low of $13.23 and a one year high of $26.71. The company has a market cap of $1.42 billion, a P/E ratio of 35.50, a P/E/G ratio of 1.71 and a beta of 1.45.

Insider Buying and Selling

In other 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 transaction of $777,600.00. Following the completion of the sale, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 27.60% of the stock is owned by insiders.

Institutional Trading of Universal Technical Institute

A number of institutional investors have recently bought and sold shares of UTI. Wedge Capital Management L L P NC acquired a new position in shares of Universal Technical Institute in the 4th quarter valued at about $1,041,000. Hennessy Advisors Inc. lifted its stake in Universal Technical Institute by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company’s stock valued at $17,763,000 after buying an additional 44,100 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Universal Technical Institute by 362.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock valued at $9,691,000 after buying an additional 295,408 shares during the period. Principal Financial Group Inc. bought a new position in shares of Universal Technical Institute during the 3rd quarter worth approximately $395,000. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Universal Technical Institute during the 3rd quarter worth approximately $10,217,000. Institutional investors own 75.67% of the company’s stock.

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.