Congress Asset Management Co. Decreases Stake in Universal Technical Institute Inc $UTI

Congress Asset Management Co. lowered its position in shares of Universal Technical Institute Inc (NYSE:UTI) by 18.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,694,173 shares of the company’s stock after selling 382,082 shares during the quarter. Congress Asset Management Co. owned 3.11% of Universal Technical Institute worth $44,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UTI. Newbridge Financial Services Group Inc. bought a new position in shares of Universal Technical Institute in the second quarter valued at approximately $27,000. KBC Group NV bought a new stake in Universal Technical Institute during the second quarter worth $34,000. PNC Financial Services Group Inc. boosted its position in Universal Technical Institute by 17,142.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock worth $41,000 after purchasing an additional 1,200 shares during the last quarter. NewEdge Advisors LLC bought a new position in Universal Technical Institute in the 1st quarter valued at $57,000. Finally, State of Alaska Department of Revenue bought a new position in Universal Technical Institute in the 3rd quarter valued at $92,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on UTI. Rosenblatt Securities reiterated a “buy” rating and set a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, February 5th. Wall Street Zen upgraded shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Barrington Research restated an “outperform” rating and set a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, February 5th. Zacks Research upgraded shares of Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Finally, Weiss Ratings downgraded shares of Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.20.

Insider Buying and Selling

In related news, Director George W. Brochick sold 5,000 shares of Universal Technical Institute stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $36.59, for a total value of $182,950.00. Following the completion of the transaction, the director directly owned 27,516 shares in the company, valued at approximately $1,006,810.44. The trade was a 15.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Todd A. Hitchcock sold 16,500 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $37.33, for a total transaction of $615,945.00. Following the sale, the chief operating officer directly owned 104,084 shares in the company, valued at $3,885,455.72. The trade was a 13.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 145,961 shares of company stock valued at $5,248,127. Corporate insiders own 9.80% of the company’s stock.

Universal Technical Institute Stock Up 7.8%

Shares of NYSE UTI opened at $38.09 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $2.10 billion, a PE ratio of 39.27, a P/E/G ratio of 3.06 and a beta of 1.31. Universal Technical Institute Inc has a one year low of $21.29 and a one year high of $38.17. The business’s fifty day moving average price is $31.34 and its 200-day moving average price is $29.35.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $220.84 million for the quarter, compared to analysts’ expectations of $216.65 million. Universal Technical Institute had a return on equity of 16.98% and a net margin of 6.28%. On average, equities research analysts anticipate that Universal Technical Institute Inc will post 1 EPS for the current year.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.