Barrington Research Forecasts Strong Price Appreciation for Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute (NYSE:UTI) had its price objective increased by Barrington Research from $25.00 to $30.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts also recently issued reports about the company. Rosenblatt Securities lifted their price target on Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Northland Securities upped their price target on shares of Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. B. Riley raised their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Lake Street Capital boosted their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Truist Financial increased their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Universal Technical Institute has an average rating of “Buy” and an average target price of $27.17.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $26.57 on Friday. Universal Technical Institute has a 52 week low of $13.23 and a 52 week high of $27.10. The company has a 50-day moving average price of $24.77 and a 200 day moving average price of $19.67. The company has a market cap of $1.44 billion, a P/E ratio of 35.91, a PEG ratio of 1.71 and a beta of 1.45. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the transaction, the director now directly owns 128,205 shares of the company’s stock, valued at $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 27.60% of the stock is currently owned by insiders.

Institutional Trading of Universal Technical Institute

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC acquired a new stake in Universal Technical Institute during the fourth quarter worth approximately $1,041,000. Hennessy Advisors Inc. lifted its stake in shares of Universal Technical Institute by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company’s stock worth $17,763,000 after purchasing an additional 44,100 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Universal Technical Institute by 362.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock worth $9,691,000 after purchasing an additional 295,408 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Universal Technical Institute in the third quarter valued at $395,000. Finally, Lord Abbett & CO. LLC acquired a new position in Universal Technical Institute in the third quarter valued at $10,217,000. Hedge funds and other 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.