Universal Technical Institute (NYSE:UTI) Given New $26.00 Price Target at Truist Financial

Universal Technical Institute (NYSE:UTI) had its price objective boosted by analysts at Truist Financial from $22.00 to $26.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price suggests a potential upside of 9.61% from the company’s current price.

A number of other equities research analysts have also recently issued reports on UTI. Lake Street Capital boosted their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday. B. Riley upped their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. StockNews.com upgraded Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Barrington Research reaffirmed an “outperform” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research note on Friday, November 15th. Finally, Northland Securities upped their target price on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Universal Technical Institute has an average rating of “Buy” and a consensus price target of $24.00.

Universal Technical Institute Stock Performance

NYSE:UTI traded up $3.83 during trading hours on Thursday, reaching $23.72. The stock had a trading volume of 753,041 shares, compared to its average volume of 519,454. The stock has a market cap of $1.28 billion, a P/E ratio of 47.44, a price-to-earnings-growth ratio of 1.45 and a beta of 1.34. The stock has a 50 day simple moving average of $17.06 and a 200 day simple moving average of $16.57. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.02. Universal Technical Institute has a 12-month low of $10.46 and a 12-month high of $24.44.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total value of $1,192,040.00. Following the completion of the transaction, the chief executive officer now directly owns 136,443 shares in the company, valued at approximately $2,391,845.79. This represents a 33.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Universal Technical Institute

Several hedge funds and other institutional investors have recently modified their holdings of UTI. Vanguard Group Inc. boosted its position in Universal Technical Institute by 55.0% during the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock valued at $37,872,000 after acquiring an additional 842,765 shares in the last quarter. American International Group Inc. boosted its position in shares of Universal Technical Institute by 19.6% during the first quarter. American International Group Inc. now owns 19,494 shares of the company’s stock valued at $311,000 after purchasing an additional 3,194 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Universal Technical Institute in the first quarter worth $181,000. Price T Rowe Associates Inc. MD raised its holdings in Universal Technical Institute by 11.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,375 shares of the company’s stock worth $532,000 after purchasing an additional 3,446 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its position in Universal Technical Institute by 3.7% during the first quarter. Kennedy Capital Management LLC now owns 78,640 shares of the company’s stock valued at $1,254,000 after buying an additional 2,798 shares during the period. 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.