Boston Partners Trims Stock Position in Universal Technical Institute Inc $UTI

Key Points

• Boston Partners has reduced its stake in Universal Technical Institute Inc by 3.4%, now owning approximately 285,743 shares valued at $7.3 million.
• Several other institutional investors have changed their positions in Universal Technical Institute, with JPMorgan Chase and Invesco increasing their stakes significantly.
• Analysts have mixed ratings on Universal Technical Institute, with one downgrade to "hold" and several "buy" ratings, resulting in a consensus target price of $35.83.

Boston Partners lowered its stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 285,743 shares of the company's stock after selling 10,051 shares during the period. Boston Partners owned 0.53% of Universal Technical Institute worth $7,338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in Universal Technical Institute by 2.9% during the first quarter. Principal Financial Group Inc. now owns 27,399 shares of the company's stock worth $704,000 after buying an additional 776 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Universal Technical Institute by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company's stock worth $578,000 after buying an additional 777 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Universal Technical Institute by 6.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,901 shares of the company's stock worth $331,000 after buying an additional 783 shares during the period. CWM LLC lifted its holdings in Universal Technical Institute by 105.0% during the first quarter. CWM LLC now owns 2,167 shares of the company's stock worth $56,000 after buying an additional 1,110 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in Universal Technical Institute by 5.7% during the fourth quarter. MetLife Investment Management LLC now owns 23,962 shares of the company's stock worth $616,000 after buying an additional 1,294 shares during the period. Hedge funds and other institutional investors own 75.67% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen lowered Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Truist Financial increased their price objective on Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a report 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. Finally, 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. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $35.83.

Universal Technical Institute Stock Performance

UTI stock traded up $0.2150 during midday trading on Thursday, reaching $26.2850. The stock had a trading volume of 114,069 shares, compared to its average volume of 772,550. The stock has a market cap of $1.43 billion, a PE ratio of 23.06, a P/E/G ratio of 1.65 and a beta of 1.58. 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 fifty day simple moving average of $31.19 and a two-hundred day simple moving average of $29.94. Universal Technical Institute Inc has a 52-week low of $15.14 and a 52-week high of $36.32.

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

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.