BNP Paribas Financial Markets Sells 17,849 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

BNP Paribas Financial Markets decreased its holdings in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 74.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,079 shares of the company's stock after selling 17,849 shares during the quarter. BNP Paribas Financial Markets' holdings in Universal Technical Institute were worth $156,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of UTI. Rhumbline Advisers boosted its position in shares of 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 purchasing an additional 19,453 shares during the period. Pier Capital LLC lifted its stake 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 acquiring an additional 13,281 shares in the last quarter. Northern Trust Corp lifted its stake in Universal Technical Institute by 8.6% in the 4th quarter. Northern Trust Corp now owns 373,754 shares of the company's stock worth $9,609,000 after acquiring an additional 29,755 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Universal Technical Institute by 15.3% in the 4th quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock worth $2,332,000 after acquiring an additional 12,017 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Universal Technical Institute by 50.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 617,430 shares of the company's stock worth $15,874,000 after acquiring an additional 205,716 shares in the last quarter. Institutional investors own 75.67% of the company's stock.

Insider Transactions at Universal Technical Institute

In other news, EVP Sherrell Smith sold 39,446 shares of the business's stock in a transaction dated 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 sale, the executive vice president now directly owns 177,912 shares in the company, valued at $4,954,849.20. The trade was a 18.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Todd A. Hitchcock sold 27,500 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $33.36, for a total value of $917,400.00. Following the completion of the sale, the chief operating officer now owns 80,521 shares in the company, valued at approximately $2,686,180.56. This trade represents a 25.46% decrease in their ownership of the stock. 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.

Analyst Ratings Changes

UTI has been the subject of a number of recent research reports. Truist Financial raised their price target on 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 reissued a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, May 8th. Northland Securities raised their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Lake Street Capital reissued a "buy" rating and issued a $38.00 price objective (up from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Finally, B. Riley assumed coverage on Universal Technical Institute in a research note on Friday, March 28th. They issued a "buy" rating and a $31.00 price objective on the stock. Six research 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, the stock currently has an average rating of "Buy" and an average price target of $35.83.

Universal Technical Institute Stock Performance

UTI traded down $0.36 during midday trading on Tuesday, reaching $35.54. The company's stock had a trading volume of 426,324 shares, compared to its average volume of 593,181. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $36.77. The stock has a market cap of $1.93 billion, a P/E ratio of 36.64, a PEG ratio of 1.92 and a beta of 1.57. The company has a fifty day simple moving average of $29.91 and a 200 day simple moving average of $27.60. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted 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 business had revenue of $207.45 million during the quarter, compared to the consensus estimate of $196.63 million. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. Research analysts expect that Universal Technical Institute, Inc. will post 1 earnings per share for the current 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.