Dumac Inc. Makes New $43.24 Million Investment in Universal Technical Institute, Inc. (NYSE:UTI)

Dumac Inc. bought a new position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,681,681 shares of the company's stock, valued at approximately $43,236,000. Universal Technical Institute makes up about 66.7% of Dumac Inc.'s portfolio, making the stock its largest holding. Dumac Inc. owned about 3.09% of Universal Technical Institute as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. increased its holdings in shares of Universal Technical Institute by 362.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company's stock valued at $9,691,000 after purchasing an additional 295,408 shares during the period. Rhumbline Advisers increased its stake in Universal Technical Institute by 37.4% in the 4th quarter. Rhumbline Advisers now owns 71,407 shares of the company's stock valued at $1,836,000 after buying an additional 19,453 shares during the period. Pier Capital LLC lifted its position in Universal Technical Institute by 2.4% in the 4th quarter. Pier Capital LLC now owns 566,663 shares of the company's stock worth $14,569,000 after buying an additional 13,281 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Universal Technical Institute by 50.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 617,430 shares of the company's stock valued at $15,874,000 after buying an additional 205,716 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Universal Technical Institute during the 4th quarter valued at $1,041,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Universal Technical Institute Stock Performance

UTI stock traded up $1.51 during midday trading on Friday, hitting $34.28. 1,336,729 shares of the company traded hands, compared to its average volume of 561,460. The business has a 50 day simple moving average of $27.38 and a 200-day simple moving average of $25.71. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $34.50. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. The firm had revenue of $207.45 million for the quarter, compared to the consensus estimate of $196.63 million. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. As a group, equities research analysts predict that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Insider Buying and Selling at Universal Technical Institute

In other news, EVP Sherrell Smith sold 10,000 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $26.95, for a total value of $269,500.00. Following the sale, the executive vice president now owns 157,663 shares in the company, valued at approximately $4,249,017.85. This trade represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director George W. Brochick sold 8,000 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $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 94,524 shares of company stock valued at $2,578,450 in the last 90 days. 15.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UTI. B. Riley assumed coverage on Universal Technical Institute in a research report on Friday, March 28th. They set a "buy" rating and a $31.00 price objective for the company. Rosenblatt Securities reiterated a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Thursday. Barrington Research increased their price objective on Universal Technical Institute from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday. Northland Securities lifted their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, Lake Street Capital boosted their target price on shares of Universal Technical Institute from $31.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $33.00.

About Universal Technical Institute

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.