Invesco Ltd. Sells 36,491 Shares of Universal Technical Institute Inc $UTI

Key Points

• Invesco Ltd. reduced its stake in Universal Technical Institute by 10.3%, now holding approximately 318,182 shares valued at $8.17 million.
• Recent analyst ratings vary, with some firms like Truist Financial raising their target to $40.00 while others, like Wall Street Zen, downgraded the stock to a "hold" rating.
• Universal Technical Institute reported earnings of $0.19 per share, exceeding analyst expectations, with revenue of $204.3 million for the quarter.

Invesco Ltd. lowered its stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 10.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,182 shares of the company's stock after selling 36,491 shares during the quarter. Invesco Ltd. owned about 0.59% of Universal Technical Institute worth $8,171,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CWM LLC grew its position 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 in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Universal Technical Institute in the 1st quarter valued at $61,000. USA Financial Formulas acquired a new stake in shares of Universal Technical Institute in the 1st quarter valued at $84,000. Lazard Asset Management LLC acquired a new stake in shares of Universal Technical Institute in the 4th quarter valued at $101,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Universal Technical Institute in the 4th quarter valued at $118,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Universal Technical Institute Stock Down 0.6%

Shares of UTI traded down $0.18 during trading hours on Thursday, hitting $26.92. The stock had a trading volume of 665,464 shares, compared to its average volume of 975,491. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $30.40 and a 200-day simple moving average of $29.86. The firm has a market capitalization of $1.46 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 1.70 and a beta of 1.58. Universal Technical Institute Inc has a 1-year low of $15.14 and a 1-year high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.07. The business had revenue of $204.30 million during the quarter, compared to the consensus estimate of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. Sell-side analysts predict that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UTI. Truist Financial raised their target price on Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Wall Street Zen downgraded Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Barrington Research reissued an "outperform" rating and set a $36.00 price objective on shares of Universal Technical Institute in a report on Tuesday, July 29th. Lake Street Capital reissued 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. Finally, Rosenblatt Securities reissued a "buy" rating and set a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $35.83.

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.