Pullen Investment Management LLC Purchases 30,250 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Pullen Investment Management LLC increased its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 46.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,410 shares of the company's stock after buying an additional 30,250 shares during the quarter. Universal Technical Institute accounts for about 1.6% of Pullen Investment Management LLC's investment portfolio, making the stock its 13th largest position. Pullen Investment Management LLC owned 0.18% of Universal Technical Institute worth $2,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of UTI. Rhumbline Advisers raised its position in Universal Technical Institute by 37.4% in the 4th quarter. Rhumbline Advisers now owns 71,407 shares of the company's stock valued at $1,836,000 after purchasing an additional 19,453 shares during the last quarter. Pier Capital LLC grew its stake in Universal Technical Institute by 2.4% in the fourth quarter. Pier Capital LLC now owns 566,663 shares of the company's stock valued at $14,569,000 after acquiring an additional 13,281 shares during the period. Northern Trust Corp grew its stake in Universal Technical Institute by 8.6% in the fourth quarter. Northern Trust Corp now owns 373,754 shares of the company's stock valued at $9,609,000 after acquiring an additional 29,755 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Universal Technical Institute by 50.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 617,430 shares of the company's stock valued at $15,874,000 after acquiring an additional 205,716 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Universal Technical Institute in the fourth quarter valued at about $7,638,000. Institutional investors own 75.67% of the company's stock.

Universal Technical Institute Price Performance

Shares of UTI traded down $0.02 during trading hours on Wednesday, reaching $35.74. The stock had a trading volume of 647,856 shares, compared to its average volume of 600,092. Universal Technical Institute, Inc. has a 12 month low of $13.66 and a 12 month high of $36.32. The stock has a market capitalization of $1.94 billion, a PE ratio of 36.85, a PEG ratio of 1.92 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. The company's 50-day moving average is $29.21 and its two-hundred day moving average is $27.12.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share 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 firm had revenue of $207.45 million during the quarter, compared to the consensus estimate of $196.63 million. Research analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Lake Street Capital restated a "buy" rating and issued a $38.00 price target (up from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Northland Securities upped their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Rosenblatt Securities restated a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research note 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, May 22nd. Finally, 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. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Universal Technical Institute presently has a consensus rating of "Buy" and an average price target of $35.83.

Insider Activity

In other Universal Technical Institute news, EVP Sherrell Smith sold 36,773 shares of Universal Technical Institute stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $26.68, for a total transaction of $981,103.64. Following the transaction, the executive vice president now owns 227,358 shares of the company's stock, valued at $6,065,911.44. This trade represents a 13.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George W. Brochick sold 6,000 shares of Universal Technical Institute stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total transaction of $191,040.00. Following the transaction, the director now directly owns 32,516 shares in the company, valued at approximately $1,035,309.44. This represents a 15.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 120,024 shares of company stock worth $3,466,170 in the last three months. Company insiders own 15.10% of the company's stock.

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.