Universal Technical Institute, Inc. (NYSE:UTI) Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its position in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,447 shares of the company's stock after acquiring an additional 11,988 shares during the period. Deutsche Bank AG owned about 0.21% of Universal Technical Institute worth $2,994,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UTI. Precision Wealth Strategies LLC acquired a new position in Universal Technical Institute during the 4th quarter worth approximately $632,000. Rhumbline Advisers lifted its stake in Universal Technical Institute by 37.4% during the fourth quarter. Rhumbline Advisers now owns 71,407 shares of the company's stock worth $1,836,000 after purchasing an additional 19,453 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Universal Technical Institute by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 26,623 shares of the company's stock worth $684,000 after purchasing an additional 2,335 shares during the last quarter. Pembroke Management LTD lifted its stake in Universal Technical Institute by 22.6% during the fourth quarter. Pembroke Management LTD now owns 503,007 shares of the company's stock worth $12,932,000 after purchasing an additional 92,844 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Universal Technical Institute by 19.7% during the fourth quarter. New York State Common Retirement Fund now owns 88,222 shares of the company's stock worth $2,268,000 after purchasing an additional 14,517 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

Insiders Place Their Bets

In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the transaction, the director now directly owns 34,917 shares of the company's stock, valued at $963,360.03. This trade represents a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Todd A. Hitchcock sold 27,500 shares of the firm'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 transaction, the chief operating officer now directly owns 80,521 shares in the company, valued at $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. Over the last 90 days, insiders sold 128,024 shares of company stock valued at $3,686,890. Corporate insiders own 15.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Northland Securities boosted their target price on Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Barrington Research upped 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 reissued a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, May 8th. Truist Financial upped their target price on Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Lake Street Capital upped their target price on Universal Technical Institute from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. 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

Shares of UTI stock traded up $0.68 during trading hours on Friday, reaching $34.97. 821,163 shares of the company's stock were exchanged, compared to its average volume of 598,045. The company has a market cap of $1.90 billion, a P/E ratio of 36.05, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57. The company's 50 day moving average is $28.91 and its two-hundred day moving average is $26.85. Universal Technical Institute, Inc. has a 1 year low of $13.66 and a 1 year high of $36.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14.

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