Uniplan Investment Counsel Inc. Has $5.92 Million Stock Position in Universal Technical Institute Inc $UTI

Key Points

• Uniplan Investment Counsel Inc. increased its stake in Universal Technical Institute by 24.0% in Q1, owning approximately 0.42% of the company worth $5.92 million after acquiring additional shares.
• Universal Technical Institute reported an EPS of $0.19 for the last quarter, exceeding analysts' expectations of $0.12 and achieving revenue of $204.3 million.
• Current analyst ratings show a consensus of "Buy" for the stock, with a price target averaging $35.83 following upgrades from several firms.

Uniplan Investment Counsel Inc. boosted its holdings in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 24.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 230,543 shares of the company's stock after purchasing an additional 44,679 shares during the quarter. Uniplan Investment Counsel Inc. owned about 0.42% of Universal Technical Institute worth $5,920,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Universal Technical Institute by 21.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,994 shares of the company's stock valued at $900,000 after acquiring an additional 6,163 shares in the last quarter. Northern Trust Corp grew its holdings in Universal Technical Institute by 8.6% in the fourth quarter. Northern Trust Corp now owns 373,754 shares of the company's stock worth $9,609,000 after purchasing an additional 29,755 shares during the period. Comerica Bank increased its stake in Universal Technical Institute by 5,171.6% in the fourth quarter. Comerica Bank now owns 12,072 shares of the company's stock valued at $310,000 after purchasing an additional 11,843 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Universal Technical Institute by 15.3% in the fourth quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock valued at $2,332,000 after purchasing an additional 12,017 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Universal Technical Institute by 33.4% during the fourth quarter. Bank of America Corp DE now owns 39,138 shares of the company's stock valued at $1,006,000 after purchasing an additional 9,806 shares during the period. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Trading Down 1.4%

NYSE UTI opened at $26.92 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $29.58 and a 200 day simple moving average of $29.82. Universal Technical Institute Inc has a 12 month low of $15.14 and a 12 month high of $36.32. The firm has a market capitalization of $1.47 billion, a P/E ratio of 23.62, a PEG ratio of 1.69 and a beta of 1.65.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The firm had revenue of $204.30 million for the quarter, compared to the consensus estimate of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. On average, analysts predict that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on UTI shares. Lake Street Capital restated a "buy" rating and issued a $38.00 target price (up from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Wall Street Zen cut Universal Technical Institute from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Truist Financial upped their target price 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. Barrington Research reissued an "outperform" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Finally, Rosenblatt Securities restated a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $35.83.

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.

Want to see what other hedge funds are holding UTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Technical Institute Inc (NYSE:UTI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.