Vanguard Group Inc. Boosts Stake in Universal Technical Institute Inc $UTI

Vanguard Group Inc. lifted its holdings in Universal Technical Institute Inc (NYSE:UTI) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,456,452 shares of the company’s stock after purchasing an additional 141,426 shares during the period. Vanguard Group Inc. owned about 0.06% of Universal Technical Institute worth $112,508,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new stake in Universal Technical Institute in the second quarter valued at approximately $27,000. Penserra Capital Management LLC purchased a new position in shares of Universal Technical Institute during the 2nd quarter valued at approximately $28,000. KBC Group NV acquired a new stake in Universal Technical Institute in the 2nd quarter valued at $34,000. PNC Financial Services Group Inc. increased its holdings in Universal Technical Institute by 17,142.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock worth $41,000 after acquiring an additional 1,200 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in Universal Technical Institute during the first quarter worth $57,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Trading Down 4.4%

Shares of Universal Technical Institute stock opened at $35.86 on Thursday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 3.25 and a beta of 1.31. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 1.14. Universal Technical Institute Inc has a fifty-two week low of $21.29 and a fifty-two week high of $38.02. The stock has a 50 day moving average of $29.05 and a 200 day moving average of $28.51.

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

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, SVP Carolyn Ann Frank sold 1,750 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $30.08, for a total transaction of $52,640.00. Following the transaction, the senior vice president directly owned 30,272 shares in the company, valued at $910,581.76. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jerome Alan Grant sold 60,040 shares of Universal Technical Institute stock in a transaction on Friday, February 27th. The shares were sold at an average price of $34.95, for a total value of $2,098,398.00. Following the completion of the sale, the chief executive officer directly owned 430,215 shares of the company’s stock, valued at $15,036,014.25. The trade was a 12.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 114,461 shares of company stock worth $4,101,832. Company insiders own 9.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, February 5th. Zacks Research upgraded Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Wall Street Zen cut Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Weiss Ratings lowered Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.20.

Universal Technical Institute 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.