Universal Technical Institute (NYSE:UTI) Stock Price Expected to Rise, Northland Securities Analyst Says

Universal Technical Institute (NYSE:UTI) had its price objective boosted by Northland Securities from $24.00 to $30.00 in a research note published on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on UTI. Truist Financial raised their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. B. Riley lifted their price target on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Rosenblatt Securities upped their price objective 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. Barrington Research lifted their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Lake Street Capital boosted their target price 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. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $26.33.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $25.42 on Thursday. The company’s 50 day moving average price is $21.06 and its two-hundred day moving average price is $18.04. The firm has a market capitalization of $1.37 billion, a P/E ratio of 34.35, a P/E/G ratio of 1.78 and a beta of 1.48. Universal Technical Institute has a fifty-two week low of $11.09 and a fifty-two week high of $26.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08.

Insider Buying and Selling

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

Institutional Trading of Universal Technical Institute

A number of institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position 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 worth $1,908,000 after acquiring an additional 7,112 shares in the last quarter. Bailard Inc. bought a new stake in Universal Technical Institute in the second quarter worth approximately $271,000. RiverPark Advisors LLC bought a new stake in Universal Technical Institute in the second quarter worth approximately $43,000. Pullen Investment Management LLC lifted its stake in Universal Technical Institute by 2.9% in the second quarter. Pullen Investment Management LLC now owns 56,420 shares of the company’s stock valued at $887,000 after buying an additional 1,600 shares during the period. Finally, Conestoga Capital Advisors LLC bought a new position in shares of Universal Technical Institute during the 2nd quarter worth approximately $1,224,000. 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.