40,738 Shares in Universal Technical Institute Inc $UTI Purchased by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 40,738 shares of Universal Technical Institute Inc for approximately $1,046,000, raising its ownership to 0.07% of the company.
• Universal Technical Institute reported a quarterly earnings per share (EPS) of $0.19, exceeding the consensus estimate of $0.12, and had a net margin of 7.79% with a revenue of $204.30 million.
• Equity analysts have given Universal Technical Institute an average rating of "Buy" with a consensus price target of $35.83, highlighting a range of price objectives from various analysts.

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 40,738 shares of the company's stock, valued at approximately $1,046,000. B. Metzler seel. Sohn & Co. AG owned 0.07% of Universal Technical Institute at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Universal Technical Institute by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 27,399 shares of the company's stock worth $704,000 after purchasing an additional 776 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Universal Technical Institute by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company's stock worth $578,000 after purchasing an additional 777 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Universal Technical Institute by 6.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,901 shares of the company's stock worth $331,000 after purchasing an additional 783 shares during the period. CWM LLC boosted its stake in shares of Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company's stock worth $56,000 after purchasing an additional 1,110 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of Universal Technical Institute by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 23,962 shares of the company's stock worth $616,000 after purchasing an additional 1,294 shares during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Trading Down 1.0%

NYSE:UTI opened at $26.62 on Friday. Universal Technical Institute Inc has a one year low of $15.14 and a one year high of $36.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $1.45 billion, a P/E ratio of 23.35, a P/E/G ratio of 1.67 and a beta of 1.58. The firm has a 50-day simple moving average of $30.27 and a 200-day simple moving average of $29.87.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. The business had revenue of $204.30 million during the quarter, compared to analyst estimates of $200.01 million. Equities analysts anticipate that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on UTI shares. Truist Financial lifted their price target on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Rosenblatt Securities reiterated a "buy" rating and set a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, August 7th. Barrington Research reiterated an "outperform" rating and set a $36.00 price objective on shares of Universal Technical Institute in a report on Tuesday, July 29th. Lake Street Capital reiterated a "buy" rating and set a $38.00 price objective (up previously from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, Universal Technical Institute has an average rating of "Buy" and an average price target of $35.83.

Universal Technical Institute 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.

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