Northern Trust Corp Has $9.61 Million Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

Northern Trust Corp boosted its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 8.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 373,754 shares of the company's stock after purchasing an additional 29,755 shares during the period. Northern Trust Corp owned about 0.69% of Universal Technical Institute worth $9,609,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UTI. Covestor Ltd boosted its stake in shares of Universal Technical Institute by 24.4% during the 4th quarter. Covestor Ltd now owns 1,977 shares of the company's stock valued at $51,000 after buying an additional 388 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in Universal Technical Institute during the fourth quarter valued at $79,000. Aquatic Capital Management LLC acquired a new stake in Universal Technical Institute during the fourth quarter valued at $118,000. Meeder Asset Management Inc. grew its stake in Universal Technical Institute by 418.6% in the fourth quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company's stock valued at $202,000 after purchasing an additional 6,337 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in Universal Technical Institute in the 4th quarter worth about $203,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Insider Buying and Selling at Universal Technical Institute

In related news, Director George W. Brochick sold 6,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total transaction of $191,040.00. Following the completion of the transaction, the director now directly owns 32,516 shares in the company, valued at $1,035,309.44. This represents a 15.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Todd A. Hitchcock sold 27,500 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $33.36, for a total transaction of $917,400.00. Following the completion of the sale, the chief operating officer now directly owns 80,521 shares of the company's stock, 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 128,024 shares of company stock worth $3,686,890 over the last ninety days. Company insiders own 15.10% of the company's stock.

Universal Technical Institute Stock Performance

UTI stock traded down $0.08 during midday trading on Wednesday, hitting $35.32. 1,169,435 shares of the company traded hands, compared to its average volume of 593,452. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $37.49. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 36.41, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. The business has a 50 day simple moving average of $28.42 and a 200-day simple moving average of $26.54.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share (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 net margin of 7.08% and a return on equity of 21.25%. As a group, equities research analysts predict that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UTI has been the subject of several research reports. Northland Securities lifted their price target on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 8th. Lake Street Capital boosted their target price on shares of Universal Technical Institute from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday. Barrington Research raised their price target on shares of Universal Technical Institute from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, B. Riley initiated coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They issued a "buy" rating and a $31.00 price objective for the company. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Universal Technical Institute currently has an average rating of "Buy" and an average target price of $33.50.

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.