The share price of Universal Technical Institute, Inc. (UTI) has been moving up since the formal inauguration of a new campus in Lisle on Mar 6, 2014. Universal Technical Institute is a leading provider of post-secondary education in the United States, offering degree, diploma and certificate programs in the fields of professional automotive, diesel, collision repair, motorcycle and marine. The company intends to capitalize on an improving automobile industry and cater to the growing demand for career oriented programs. This new 187,000-square-foot facility replaces the Glendale Heights campus.
The Lisle campus is one of the 11 campuses that the company operates across the U.S and can accommodate about 2,000 students and up to 150 faculty and staff. Lisle will offer four manufacturer specific advanced training (:MSAT) programs that the students can opt for after the completion of a core program. The four programs include FORD Accelerated Credential Training (:FACT), Honda Professional Automotive Career Training (PACT), International Technician Education Program (:ITEP) and Toyota Professional Automotive Technician Training Program (:TPAT).
The automobile industry has begun to show some recovery. As a result, there is a growing need for trained technicians. Employment rates are improving and so are wages. Several post-secondary education providers have been witnessing positive growth in student applications and the quality of students over the past few quarters and expect new enrollment to improve in the upcoming quarters.
Universal Technical has a Zacks Rank #3 (Hold).
Other Stocks to Consider
Investors interested in the education sector can also consider Strayer Education Inc. (STRA), New Oriental Education & Technology Group Inc. (EDU) and TAL Education Group (XRS). While Strayer Education and TAL Education sport a Zacks Rank #1 (Strong Buy), New Oriental Education holds a Zacks Rank #2 (Buy).