Covestor Ltd Raises Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Covestor Ltd increased its position in Universal Technical Institute, Inc. (NYSE:UTI) by 24.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,977 shares of the company’s stock after acquiring an additional 388 shares during the quarter. Covestor Ltd’s holdings in Universal Technical Institute were worth $51,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UTI. Raymond James Financial Inc. bought a new position in Universal Technical Institute during the fourth quarter worth about $993,000. Renaissance Technologies LLC lifted its stake in shares of Universal Technical Institute by 0.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,188,891 shares of the company’s stock valued at $30,566,000 after buying an additional 6,743 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Universal Technical Institute by 26.7% during the 4th quarter. Invesco Ltd. now owns 354,673 shares of the company’s stock valued at $9,119,000 after buying an additional 74,833 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Universal Technical Institute by 2.3% in the 4th quarter. Federated Hermes Inc. now owns 249,605 shares of the company’s stock worth $6,417,000 after buying an additional 5,596 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new position in Universal Technical Institute in the 4th quarter valued at approximately $203,000. 75.67% of the stock is currently owned by institutional investors.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, EVP Sherrell Smith sold 39,446 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total value of $1,098,571.10. Following the completion of the sale, the executive vice president now owns 177,912 shares of the company’s stock, valued at $4,954,849.20. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George W. Brochick sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total transaction of $220,720.00. Following the transaction, the director now owns 34,917 shares in the company, valued at $963,360.03. The trade was a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 94,427 shares of company stock valued at $2,575,729 over the last 90 days. 15.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UTI has been the topic of several recent research reports. Northland Securities increased their target price on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Rosenblatt Securities raised their target price on Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. 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. Lake Street Capital increased their price target on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Barrington Research boosted their price objective on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $32.17.

Universal Technical Institute Stock Up 2.2 %

Shares of NYSE UTI opened at $27.36 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $27.16 and a 200-day moving average of $24.07. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 1.92 and a beta of 1.48. Universal Technical Institute, Inc. has a 12 month low of $13.66 and a 12 month high of $30.56.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Sell-side analysts expect that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal 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.