UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 31.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,272 shares of the company's stock after buying an additional 17,768 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Universal Technical Institute worth $1,910,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of UTI. Covestor Ltd grew its holdings in Universal Technical Institute by 24.4% in the fourth quarter. Covestor Ltd now owns 1,977 shares of the company's stock valued at $51,000 after purchasing an additional 388 shares during the period. Arcadia Investment Management Corp MI purchased a new position in shares of Universal Technical Institute during the 4th quarter valued at approximately $79,000. Lazard Asset Management LLC acquired a new stake in Universal Technical Institute in the 4th quarter valued at $101,000. Aquatic Capital Management LLC purchased a new stake in Universal Technical Institute in the 4th quarter worth $118,000. Finally, Meeder Asset Management Inc. raised its position in Universal Technical Institute by 418.6% during the fourth quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company's stock worth $202,000 after acquiring an additional 6,337 shares during the period. Hedge funds and other institutional investors own 75.67% of the company's stock.

Insider Transactions at Universal Technical Institute

In related news, 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 value of $191,040.00. Following the sale, the director now directly owns 32,516 shares in the company, valued at $1,035,309.44. The trade was a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Todd A. Hitchcock sold 27,500 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $33.36, for a total value of $917,400.00. Following the transaction, the chief operating officer now directly owns 80,521 shares in the company, valued at $2,686,180.56. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 120,024 shares of company stock worth $3,466,170. Corporate insiders own 15.10% of the company's stock.

Universal Technical Institute Trading Down 6.0%

Shares of NYSE UTI traded down $2.10 during mid-day trading on Monday, reaching $33.26. 1,342,338 shares of the company's stock were exchanged, compared to its average volume of 595,481. Universal Technical Institute, Inc. has a 52-week low of $13.66 and a 52-week high of $36.32. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 1.92 and a beta of 1.61. The company's 50-day moving average is $30.67 and its 200-day moving average is $28.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.07. The company had revenue of $207.45 million for the quarter, compared to analyst estimates of $196.63 million. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UTI. Rosenblatt Securities reissued a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 8th. B. Riley assumed coverage on Universal Technical Institute in a research note on Friday, March 28th. They set a "buy" rating and a $31.00 price objective for the company. Barrington Research increased their target price on Universal Technical Institute from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Lake Street Capital reaffirmed a "buy" rating and issued a $38.00 price target (up from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Finally, Truist Financial boosted their price target on Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $35.83.

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.