Vanguard Group Inc. Sells 48,534 Shares of Universal Technical Institute Inc $UTI

Vanguard Group Inc. lessened its stake in shares of Universal Technical Institute Inc (NYSE:UTIFree Report) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,407,918 shares of the company’s stock after selling 48,534 shares during the period. Vanguard Group Inc. owned approximately 0.06% of Universal Technical Institute worth $89,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wasatch Advisors LP increased its position in Universal Technical Institute by 22.5% during the 3rd quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock valued at $76,851,000 after buying an additional 433,824 shares in the last quarter. American Century Companies Inc. increased its position in Universal Technical Institute by 1.7% during the 3rd quarter. American Century Companies Inc. now owns 1,580,224 shares of the company’s stock valued at $51,436,000 after buying an additional 26,025 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in Universal Technical Institute by 14.4% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,162,277 shares of the company’s stock valued at $37,832,000 after buying an additional 146,117 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in Universal Technical Institute during the 3rd quarter valued at approximately $27,924,000. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Universal Technical Institute by 95.7% in the 3rd quarter. Alyeska Investment Group L.P. now owns 822,533 shares of the company’s stock worth $26,773,000 after purchasing an additional 402,250 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UTI. Northland Securities set a $41.00 target price on Universal Technical Institute in a report on Thursday, May 7th. Rosenblatt Securities lifted their target price on Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Barrington Research lifted their target price on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, Griffin Securities set a $49.00 target price on Universal Technical Institute in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Read Our Latest Report on UTI

Universal Technical Institute Stock Up 5.6%

Universal Technical Institute stock opened at $39.79 on Thursday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 51.68, a PEG ratio of 3.30 and a beta of 1.28. The stock has a fifty day simple moving average of $36.57 and a two-hundred day simple moving average of $31.00. Universal Technical Institute Inc has a 12 month low of $21.29 and a 12 month high of $40.41. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38.

Universal Technical Institute (NYSE:UTIGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. The company had revenue of $221.40 million during the quarter, compared to analyst estimates of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. Equities analysts predict that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Insider Activity at Universal Technical Institute

In related news, COO Todd A. Hitchcock sold 16,500 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $37.33, for a total transaction of $615,945.00. Following the completion of the sale, the chief operating officer owned 104,084 shares in the company, valued at approximately $3,885,455.72. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sherrell Smith sold 22,671 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $37.10, for a total value of $841,094.10. Following the sale, the executive vice president owned 37,474 shares of the company’s stock, valued at approximately $1,390,285.40. This trade represents a 37.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 160,961 shares of company stock valued at $5,796,977 in the last 90 days. 9.80% of the stock is owned by company insiders.

Universal Technical Institute Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Universal Technical Institute (NYSE:UTI)

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