Deutsche Bank AG Takes $2.22 Million Position in Universal Technical Institute Inc $UTI

Key Points

• Deutsche Bank initiated a $2.22 million position in Universal Technical Institute, purchasing 51,853 shares for a 0.09% stake. Institutional investors collectively own 75.67% of the company.
• UTI reported quarterly EPS of $0.04, beating the $0.02 consensus estimate, while revenue of $218.91 million fell slightly short of expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $43.83.
• The stock opened at $21.71, near its 12-month low of $21.29 and well below its 12-month high of $51.34. Insiders sold approximately 3.1 million shares worth $128.4 million over the past three months.

Deutsche Bank AG bought a new position in Universal Technical Institute Inc (NYSE:UTI - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 51,853 shares of the company's stock, valued at approximately $2,218,000. Deutsche Bank AG owned 0.09% of Universal Technical Institute as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in UTI. Coliseum Capital Management LLC increased its holdings in shares of Universal Technical Institute by 46.2% in the fourth quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company's stock worth $103,774,000 after buying an additional 1,255,173 shares during the period. Wasatch Advisors LP increased its stake in Universal Technical Institute by 22.5% in the 3rd quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company's stock worth $76,851,000 after purchasing an additional 433,824 shares during the period. Thrivent Financial for Lutherans lifted its position in Universal Technical Institute by 132.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company's stock valued at $52,217,000 after purchasing an additional 1,140,465 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Universal Technical Institute by 65.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company's stock valued at $41,797,000 after purchasing an additional 631,070 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Universal Technical Institute by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,296,989 shares of the company's stock valued at $46,826,000 after purchasing an additional 9,153 shares during the period. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $21.71 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The firm's fifty day simple moving average is $36.78 and its 200 day simple moving average is $36.69. The stock has a market cap of $1.20 billion, a P/E ratio of 35.02, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $51.34.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. The business had revenue of $218.91 million during the quarter, compared to analyst estimates of $220.40 million. As a group, research analysts predict that Universal Technical Institute Inc will post 0.61 EPS for the current year.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, CAO Christine Kline sold 3,500 shares of Universal Technical Institute stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the sale, the chief accounting officer directly owned 43,006 shares of the company's stock, valued at approximately $1,910,326.52. The trade was a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the company's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $41.40, for a total value of $124,200,000.00. Following the transaction, the director owned 971,440 shares in the company, valued at $40,217,616. This trade represents a 75.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,102,545 shares of company stock valued at $128,449,570 in the last three months. Corporate insiders own 9.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a report on Thursday, May 7th. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a report on Thursday, April 30th. Truist Financial decreased their price objective on shares of Universal Technical Institute from $47.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. B. Riley Financial lowered their price objective on shares of Universal Technical Institute from $49.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Universal Technical Institute from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.83.

Universal Technical Institute Profile

Universal Technical Institute, Inc NYSE: UTI is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI's curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.

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