Universal Technical Institute Inc (NYSE:UTI) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Universal Technical Institute Inc (NYSE:UTI) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,901 shares of the company’s stock after acquiring an additional 783 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Universal Technical Institute were worth $331,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Universal Technical Institute in the 1st quarter worth approximately $61,000. Guardian Wealth Management Inc. grew its position in shares of Universal Technical Institute by 5.2% in the 1st quarter. Guardian Wealth Management Inc. now owns 136,948 shares of the company’s stock worth $3,517,000 after acquiring an additional 6,804 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of Universal Technical Institute by 25.9% in the 1st quarter. Verdence Capital Advisors LLC now owns 10,379 shares of the company’s stock worth $267,000 after acquiring an additional 2,135 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Universal Technical Institute by 43.4% in the 1st quarter. Victory Capital Management Inc. now owns 743,006 shares of the company’s stock worth $19,080,000 after acquiring an additional 224,750 shares in the last quarter. Finally, Dakota Wealth Management acquired a new position in shares of Universal Technical Institute in the 1st quarter worth approximately $1,014,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Trading Down 1.1%

Shares of NYSE UTI opened at $26.83 on Friday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.58. Universal Technical Institute Inc has a 12-month low of $15.14 and a 12-month high of $36.32. The company has a current ratio of 1.00, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. The stock’s 50 day simple moving average is $32.54 and its 200 day simple moving average is $29.98.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The firm had revenue of $204.30 million for the quarter, compared to the consensus estimate of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. Equities research analysts expect that Universal Technical Institute Inc will post 1 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UTI. Lake Street Capital reiterated a “buy” rating and issued a $38.00 target price (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Truist Financial lifted their target price on Universal Technical Institute from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Barrington Research reissued an “outperform” rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Tuesday, July 29th. Wall Street Zen downgraded Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Thursday. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Universal Technical Institute presently has a consensus rating of “Buy” and an average target price of $35.83.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director George W. Brochick sold 6,000 shares of Universal Technical Institute stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total transaction of $191,040.00. Following the sale, the director owned 32,516 shares of the company’s stock, valued at $1,035,309.44. The trade was a 15.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $33.36, for a total value of $917,400.00. Following the sale, the chief operating officer directly owned 80,521 shares in the company, valued at $2,686,180.56. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. 15.10% of the stock is owned by insiders.

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.