Rosenblatt Securities reaffirmed their buy rating on shares of Universal Technical Institute (NYSE:UTI – Free Report) 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.
View Our Latest Stock Report on UTI
Universal Technical Institute Stock Performance
Universal Technical Institute (NYSE:UTI – Get Free Report) 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.
Featured Stories
- Five stocks we like better than Universal Technical Institute
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Why Wall Street Analysts Raised Price Targets for Suncor Stock
- 3 Stocks to Consider Buying in October
- Is Super Micro Computer a Buy After Shares Sink 20% on Earnings?
- How to Start Investing in Real Estate
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
Receive News & Ratings for Universal Technical Institute Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Technical Institute and related companies with MarketBeat.com's FREE daily email newsletter.