Nuveen LLC Acquires Shares of 263,296 Universal Technical Institute Inc $UTI

Nuveen LLC purchased a new position in shares of Universal Technical Institute Inc (NYSE:UTI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 263,296 shares of the company’s stock, valued at approximately $6,761,000. Nuveen LLC owned 0.48% of Universal Technical Institute as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in shares of Universal Technical Institute by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 27,399 shares of the company’s stock worth $704,000 after purchasing an additional 776 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Universal Technical Institute by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company’s stock worth $578,000 after purchasing an additional 777 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Universal Technical Institute by 6.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,901 shares of the company’s stock worth $331,000 after purchasing an additional 783 shares during the period. CWM LLC grew its stake in shares of Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company’s stock worth $56,000 after purchasing an additional 1,110 shares during the period. Finally, MetLife Investment Management LLC grew its stake in shares of Universal Technical Institute by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 23,962 shares of the company’s stock worth $616,000 after purchasing an additional 1,294 shares during the period. 75.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UTI. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 7th. Lake Street Capital reiterated a “buy” rating and issued a $38.00 price objective (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Barrington Research reiterated an “outperform” rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Truist Financial boosted their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $35.83.

Universal Technical Institute Price Performance

NYSE:UTI opened at $26.8210 on Monday. The firm 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. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average is $30.93 and its two-hundred day moving average is $29.94. Universal Technical Institute Inc has a 12-month low of $15.14 and a 12-month high of $36.32.

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

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.