PDT Partners LLC Purchases Shares of 69,589 Universal Technical Institute Inc $UTI

Key Points

• PDT Partners LLC has acquired a new stake in Universal Technical Institute Inc, buying 69,589 shares valued at approximately $1.79 million.
• Wall Street analysts have generally given Universal Technical Institute a buy rating, with target prices ranging from $36.00 to $40.00, indicating strong growth expectations.
• The company reported earnings per share of $0.19, exceeding analyst estimates by $0.07, along with revenue of $204.30 million in its latest quarterly earnings.

PDT Partners LLC bought a new stake in Universal Technical Institute Inc (NYSE:UTI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 69,589 shares of the company's stock, valued at approximately $1,787,000. PDT Partners LLC owned approximately 0.13% of Universal Technical Institute as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of UTI. Dumac Inc. bought a new position in Universal Technical Institute during the fourth quarter valued at $43,236,000. Lord Abbett & CO. LLC grew its holdings in Universal Technical Institute by 58.3% during the first quarter. Lord Abbett & CO. LLC now owns 2,924,499 shares of the company's stock valued at $75,101,000 after purchasing an additional 1,077,076 shares during the period. Driehaus Capital Management LLC bought a new position in Universal Technical Institute during the first quarter valued at $20,631,000. American Century Companies Inc. grew its holdings in Universal Technical Institute by 38.1% during the first quarter. American Century Companies Inc. now owns 1,343,822 shares of the company's stock valued at $34,509,000 after purchasing an additional 370,660 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Universal Technical Institute by 11.2% during the first quarter. Vanguard Group Inc. now owns 3,052,652 shares of the company's stock valued at $78,392,000 after purchasing an additional 306,984 shares during the period. 75.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. 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. Wall Street Zen lowered Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, August 7th. Barrington Research reaffirmed an "outperform" rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Tuesday, July 29th. Finally, 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 research note on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to MarketBeat.com, Universal Technical Institute currently has an average rating of "Buy" and a consensus target price of $35.83.

Universal Technical Institute Trading Down 1.4%

UTI stock traded down $0.38 during trading on Friday, hitting $26.92. 445,646 shares of the company traded hands, compared to its average volume of 814,664. The firm has a market capitalization of $1.47 billion, a PE ratio of 23.62, a P/E/G ratio of 1.69 and a beta of 1.65. Universal Technical Institute Inc has a 1 year low of $15.14 and a 1 year high of $36.32. The company has a 50-day moving average of $29.58 and a 200-day moving average of $29.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00.

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 for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $204.30 million during the quarter, compared to analysts' expectations of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. Analysts predict that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.

Universal Technical Institute Company 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.