Universal Technical Institute, Inc. (NYSE:UTI) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 31.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,272 shares of the company's stock after acquiring an additional 17,768 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Universal Technical Institute worth $1,910,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

UTI has been the topic of several recent research reports. B. Riley began coverage on shares of Universal Technical Institute in a research report on Friday, March 28th. They issued a "buy" rating and a $31.00 price target on the stock. Rosenblatt Securities restated a "buy" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, May 8th. Truist Financial lifted their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Lake Street Capital reissued 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. Finally, Barrington Research upped their price target 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 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.com, Universal Technical Institute currently has a consensus rating of "Buy" and a consensus price target of $35.83.

Insider Buying and Selling at Universal Technical Institute

In related news, EVP Sherrell Smith sold 36,773 shares of Universal Technical Institute stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director George W. Brochick sold 6,000 shares of the business's stock in a transaction 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 completion of the transaction, the director now directly owns 32,516 shares in the company, valued at $1,035,309.44. This trade represents a 15.58% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,024 shares of company stock worth $3,466,170. 15.10% of the stock is currently owned by company insiders.

Universal Technical Institute Price Performance

Shares of UTI traded up $0.10 on Wednesday, reaching $32.64. The stock had a trading volume of 520,390 shares, compared to its average volume of 597,022. 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 firm has a market capitalization of $1.78 billion, a PE ratio of 33.65, a PEG ratio of 1.92 and a beta of 1.61. The firm has a 50-day moving average of $31.08 and a 200 day moving average of $28.13. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.07. The company had revenue of $207.45 million during the quarter, compared to analysts' expectations of $196.63 million. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Sell-side analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current year.

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.