Barrington Research Boosts Universal Technical Institute (NYSE:UTI) Price Target to $22.00

Universal Technical Institute (NYSE:UTI) had its price target hoisted by Barrington Research from $20.00 to $22.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. B. Riley reiterated a buy rating and issued a $22.00 price objective (up from $20.00) on shares of Universal Technical Institute in a report on Thursday, May 30th. Rosenblatt Securities reiterated a buy rating and set a $18.00 price target on shares of Universal Technical Institute in a research note on Monday, April 29th. Northland Securities reissued an outperform rating and issued a $18.00 price objective on shares of Universal Technical Institute in a research note on Friday, July 12th. Finally, StockNews.com raised Universal Technical Institute from a hold rating to a buy rating in a research report on Wednesday, June 26th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $18.83.

Universal Technical Institute Stock Up 4.0 %

NYSE:UTI opened at $19.43 on Wednesday. The business’s fifty day moving average price is $15.83 and its 200 day moving average price is $15.20. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 53.97, a PEG ratio of 1.75 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. Universal Technical Institute has a 1-year low of $7.06 and a 1-year high of $19.50.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Universal Technical Institute had a net margin of 2.97% and a return on equity of 10.55%. The company had revenue of $184.18 million for the quarter, compared to analyst estimates of $177.01 million. On average, sell-side analysts forecast that Universal Technical Institute will post 0.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 6,288 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $15.22, for a total value of $95,703.36. Following the sale, the director now owns 13,712 shares of the company’s stock, valued at approximately $208,696.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UTI. Conestoga Capital Advisors LLC acquired a new position in shares of Universal Technical Institute in the 2nd quarter worth approximately $1,224,000. Pullen Investment Management LLC raised its stake in Universal Technical Institute by 2.9% during the second quarter. Pullen Investment Management LLC now owns 56,420 shares of the company’s stock worth $887,000 after acquiring an additional 1,600 shares in the last quarter. RiverPark Advisors LLC acquired a new position in Universal Technical Institute during the second quarter worth $43,000. Bailard Inc. bought a new position in shares of Universal Technical Institute during the second quarter valued at $271,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Universal Technical Institute by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 121,268 shares of the company’s stock valued at $1,908,000 after purchasing an additional 7,112 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Company Profile

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.