Lake Street Capital Boosts Universal Technical Institute (NYSE:UTI) Price Target to $35.00

Universal Technical Institute (NYSE:UTI) had its price objective hoisted by Lake Street Capital from $31.00 to $35.00 in a research note issued to investors on Thursday morning,Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

UTI has been the subject of a number of other reports. Northland Securities boosted their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Rosenblatt Securities reiterated a “buy” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday. B. Riley began coverage on Universal Technical Institute in a research report on Friday, March 28th. They issued a “buy” rating and a $31.00 target price on the stock. Finally, Barrington Research upped their price target on shares of Universal Technical Institute from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $33.00.

Universal Technical Institute Trading Up 4.6 %

Universal Technical Institute stock opened at $34.28 on Thursday. Universal Technical Institute has a one year low of $13.66 and a one year high of $34.50. The business’s fifty day moving average is $27.38 and its 200 day moving average is $25.71. The stock has a market capitalization of $1.86 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. The firm had revenue of $207.45 million for the quarter, compared to the consensus estimate of $196.63 million. On average, sell-side analysts predict that Universal Technical Institute will post 1 EPS for the current year.

Insider Activity

In other news, Director George W. Brochick sold 8,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total transaction of $220,720.00. Following the sale, the director now directly owns 34,917 shares in the company, valued at $963,360.03. This trade represents a 18.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sherrell Smith sold 36,773 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the transaction, the executive vice president now directly owns 227,358 shares of the company’s stock, valued at $6,065,911.44. This represents a 13.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,524 shares of company stock valued at $2,578,450 in the last ninety days. Corporate insiders own 15.10% of the company’s stock.

Hedge Funds Weigh In On Universal Technical Institute

A number of hedge funds have recently made changes to their positions in the business. Covestor Ltd lifted its holdings in Universal Technical Institute by 24.4% in the 4th quarter. Covestor Ltd now owns 1,977 shares of the company’s stock worth $51,000 after purchasing an additional 388 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of Universal Technical Institute by 4.4% during the fourth quarter. Independent Advisor Alliance now owns 12,157 shares of the company’s stock worth $313,000 after acquiring an additional 507 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Universal Technical Institute by 2.9% during the first quarter. Principal Financial Group Inc. now owns 27,399 shares of the company’s stock worth $704,000 after acquiring an additional 776 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Universal Technical Institute by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company’s stock valued at $578,000 after acquiring an additional 777 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Universal Technical Institute by 6.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,901 shares of the company’s stock valued at $331,000 after acquiring an additional 783 shares during 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.