UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 17,768 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 31.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,272 shares of the company’s stock after acquiring an additional 17,768 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Universal Technical Institute worth $1,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UTI. Covestor Ltd increased its position in Universal Technical Institute by 24.4% during the fourth quarter. Covestor Ltd now owns 1,977 shares of the company’s stock valued at $51,000 after acquiring an additional 388 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Universal Technical Institute during the fourth quarter worth $79,000. Lazard Asset Management LLC purchased a new position in shares of Universal Technical Institute during the fourth quarter valued at approximately $101,000. Aquatic Capital Management LLC purchased a new stake in Universal Technical Institute in the fourth quarter worth $118,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Universal Technical Institute by 418.6% during the fourth quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company’s stock valued at $202,000 after acquiring an additional 6,337 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Insider Buying and Selling at Universal Technical Institute

In other news, Director George W. Brochick sold 6,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total value of $191,040.00. Following the sale, the director now directly owns 32,516 shares in the company, valued at approximately $1,035,309.44. This trade represents a 15.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sherrell Smith sold 36,773 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the transaction, the executive vice president now owns 227,358 shares of the company’s stock, valued at approximately $6,065,911.44. The trade was a 13.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 120,024 shares of company stock valued at $3,466,170 in the last 90 days. Company insiders own 15.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. B. Riley began coverage on Universal Technical Institute in a report on Friday, March 28th. They set a “buy” rating and a $31.00 target price for the company. Truist Financial lifted their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, May 8th. Lake Street Capital reissued a “buy” rating and set a $38.00 target price (up from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Finally, Barrington Research boosted their price target on shares of Universal Technical Institute from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $35.83.

Universal Technical Institute Stock Performance

Universal Technical Institute stock opened at $35.33 on Friday. The firm has a 50 day simple moving average of $30.67 and a 200-day simple moving average of $27.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of 1.92 and a beta of 1.61. Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $36.32.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The firm had revenue of $207.45 million during the quarter, compared to analysts’ expectations of $196.63 million. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. On average, analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current year.

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.