Universal Technical Institute’s (UTI) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Universal Technical Institute (NYSE:UTI) in a report published on Tuesday morning, Benzinga reports. They currently have a $18.00 target price on the stock.

A number of other equities analysts have also weighed in on UTI. Rosenblatt Securities boosted their price objective on Universal Technical Institute from $14.00 to $17.00 and gave the stock a buy rating in a research note on Thursday, January 25th. StockNews.com lowered Universal Technical Institute from a buy rating to a hold rating in a research note on Wednesday, March 27th. Northland Securities initiated coverage on Universal Technical Institute in a research note on Wednesday, January 10th. They issued an outperform rating and a $16.00 price target on the stock. Finally, TheStreet raised Universal Technical Institute from a c+ rating to a b rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $15.20.

Universal Technical Institute Stock Performance

Shares of NYSE:UTI opened at $14.88 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50 day moving average price is $14.89 and its 200-day moving average price is $12.80. The firm has a market capitalization of $507.11 million, a PE ratio of 57.23, a P/E/G ratio of 1.39 and a beta of 1.20. Universal Technical Institute has a 1 year low of $5.63 and a 1 year high of $16.37.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.11. The company had revenue of $174.70 million for the quarter, compared to analyst estimates of $168.19 million. Universal Technical Institute had a return on equity of 9.25% and a net margin of 2.41%. As a group, equities research analysts expect that Universal Technical Institute will post 0.7 earnings per share for the current fiscal year.

Insider Activity at Universal Technical Institute

In related news, Director Loretta Lydia Sanchez sold 8,719 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $15.07, for a total value of $131,395.33. Following the sale, the director now owns 20,000 shares in the company, valued at approximately $301,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Universal Technical Institute by 1,152.0% during the 4th quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock worth $39,000 after purchasing an additional 2,880 shares during the period. Tower Research Capital LLC TRC increased its holdings in Universal Technical Institute by 297.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,186 shares of the company’s stock worth $77,000 after purchasing an additional 4,629 shares during the period. AJOVista LLC purchased a new stake in Universal Technical Institute during the 4th quarter worth about $78,000. Bfsg LLC purchased a new stake in Universal Technical Institute during the 4th quarter worth about $102,000. Finally, SG Americas Securities LLC purchased a new stake in Universal Technical Institute during the 3rd quarter worth about $104,000. Hedge funds and other 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.