Annex Advisory Services LLC Acquires Shares of 44,694 Universal Technical Institute, Inc. (NYSE:UTI)

Annex Advisory Services LLC acquired a new position in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 44,694 shares of the company's stock, valued at approximately $1,148,000. Annex Advisory Services LLC owned about 0.08% of Universal Technical Institute at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. grew its position in Universal Technical Institute by 15.3% in the 4th quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock valued at $2,332,000 after acquiring an additional 12,017 shares in the last quarter. Pullen Investment Management LLC grew its position in Universal Technical Institute by 46.4% in the 4th quarter. Pullen Investment Management LLC now owns 95,410 shares of the company's stock valued at $2,453,000 after acquiring an additional 30,250 shares in the last quarter. Rhumbline Advisers grew its position 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 acquiring an additional 19,453 shares in the last quarter. Pier Capital LLC grew 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 valued at $14,569,000 after acquiring an additional 13,281 shares in the last quarter. Finally, Northern Trust Corp grew its position in Universal Technical Institute by 8.6% in the 4th quarter. Northern Trust Corp now owns 373,754 shares of the company's stock valued at $9,609,000 after acquiring an additional 29,755 shares in the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on UTI. B. Riley began coverage on Universal Technical Institute in a research report on Friday, March 28th. They issued a "buy" rating and a $31.00 target price for the company. Lake Street Capital reaffirmed a "buy" rating and issued a $38.00 target price (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Barrington Research lifted their target price on Universal Technical Institute from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, May 8th. Finally, Truist Financial lifted their price objective on Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Universal Technical Institute currently has an average rating of "Buy" and an average target price of $35.83.

Insider Buying and Selling

In related news, Director George W. Brochick sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total transaction of $191,040.00. Following the completion of the sale, the director now owns 32,516 shares in the company, valued at $1,035,309.44. The trade was a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Todd A. Hitchcock sold 27,500 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $33.36, for a total value of $917,400.00. Following the sale, the chief operating officer now owns 80,521 shares of the company's stock, valued at approximately $2,686,180.56. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 120,024 shares of company stock worth $3,466,170 over the last 90 days. 15.10% of the stock is owned by insiders.

Universal Technical Institute Stock Up 0.9%

Shares of UTI traded up $0.31 during midday trading on Friday, hitting $35.33. The company had a trading volume of 459,094 shares, compared to its average volume of 591,945. The company's 50-day simple moving average is $30.67 and its 200-day simple moving average is $27.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $1.92 billion, a P/E ratio of 36.42, a P/E/G ratio of 1.92 and a beta of 1.61. Universal Technical Institute, Inc. has a 1 year low of $13.66 and a 1 year high of $36.32.

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

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.