Universal Technical Institute (NYSE:UTI) Research Coverage Started at Truist Financial

Posted by Defense World Staff on Jul 25th, 2024

Stock analysts at Truist Financial assumed coverage on shares of Universal Technical Institute (NYSE:UTI – Get Free Report) in a note issued to investors on Thursday, Briefing.com reports. The firm set a “buy” rating and a $22.00 price target on the stock. Truist Financial’s price target indicates a potential upside of 16.90% from the company’s current price.

Other research analysts also recently issued reports about the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $18.00 price target on shares of Universal Technical Institute in a report on Monday, April 29th. Northland Securities reaffirmed an “outperform” rating and set a $18.00 price target on shares of Universal Technical Institute in a report on Friday, July 12th. B. Riley reaffirmed a “buy” rating and set a $22.00 price target (up from $20.00) on shares of Universal Technical Institute in a report on Thursday, May 30th. Barrington Research upped their price target on Universal Technical Institute from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $18.83.

Read Our Latest Research Report on Universal Technical Institute

Universal Technical Institute Trading Down 0.7 %

Universal Technical Institute stock opened at $18.82 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $15.67 and its two-hundred day simple moving average is $15.10. Universal Technical Institute has a 12 month low of $7.06 and a 12 month high of $19.40. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 52.28, a price-to-earnings-growth ratio of 1.78 and a beta of 1.26.

Universal Technical Institute (NYSE:UTI – Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $184.18 million during the quarter, compared to the consensus estimate of $177.01 million. Universal Technical Institute had a return on equity of 10.55% and a net margin of 2.97%. As a group, equities analysts predict that Universal Technical Institute will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 6,288 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $15.22, for a total value of $95,703.36. Following the completion of the sale, the director now owns 13,712 shares in the company, valued at $208,696.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 27.60% of the company’s stock.

Institutional Trading of Universal Technical Institute

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Washington University purchased a new stake in Universal Technical Institute in the fourth quarter worth about $35,886,000. Vanguard Group Inc. grew its position in shares of Universal Technical Institute by 55.0% during the first quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock worth $37,872,000 after purchasing an additional 842,765 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Universal Technical Institute by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,840,356 shares of the company’s stock worth $23,041,000 after purchasing an additional 63,445 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Universal Technical Institute during the second quarter worth about $9,032,000. Finally, First Eagle Investment Management LLC grew its position in shares of Universal Technical Institute by 2.6% during the fourth quarter. First Eagle Investment Management LLC now owns 437,677 shares of the company’s stock worth $5,480,000 after purchasing an additional 11,286 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

About Universal Technical Institute

(Get Free Report)

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.

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