Universal Technical Institute, Inc. (NYSE:UTI) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN grew its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 15.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,154 shares of the company’s stock after acquiring an additional 6,490 shares during the quarter. Wells Fargo & Company MN owned about 0.09% of Universal Technical Institute worth $1,238,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Arcadia Investment Management Corp MI purchased a new stake in Universal Technical Institute in the fourth quarter valued at approximately $79,000. Morse Asset Management Inc acquired a new stake in shares of Universal Technical Institute in the third quarter valued at about $152,000. Meeder Asset Management Inc. raised its position in shares of Universal Technical Institute by 418.6% during the 4th quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company’s stock worth $202,000 after purchasing an additional 6,337 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Universal Technical Institute during the 4th quarter worth about $206,000. Finally, AlphaQuest LLC raised its position in shares of Universal Technical Institute by 822,000.0% during the 4th quarter. AlphaQuest LLC now owns 8,221 shares of the company’s stock worth $211,000 after purchasing an additional 8,220 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Insider Buying and Selling at Universal Technical Institute

In other news, Director George W. Brochick sold 8,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the sale, the director now directly owns 34,917 shares of the company’s stock, valued at approximately $963,360.03. The trade was a 18.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sherrell Smith sold 36,773 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.68, for a total value of $981,103.64. Following the completion of the sale, the executive vice president now directly owns 227,358 shares of the company’s stock, valued at $6,065,911.44. The trade was a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 94,524 shares of company stock worth $2,578,450 over the last 90 days. Corporate insiders own 15.10% of the company’s stock.

Universal Technical Institute Price Performance

Shares of UTI opened at $27.94 on Tuesday. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $30.56. The firm’s fifty day simple moving average is $26.95 and its 200-day simple moving average is $24.90. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 1.92 and a beta of 1.48. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Equities analysts forecast that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Analysts Set New Price Targets

UTI has been the subject of several research reports. Lake Street Capital upped their price objective on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Northland Securities increased their price target 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. Barrington Research reissued an “outperform” rating and issued a $35.00 price target on shares of Universal Technical Institute in a research note on Thursday, April 17th. Rosenblatt Securities increased their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, B. Riley initiated coverage on shares of Universal Technical Institute in a report on Friday, March 28th. They set a “buy” rating and a $31.00 target price on the stock. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $32.17.

Universal Technical Institute 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.