Ameriprise Financial Inc. Purchases 12,017 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Ameriprise Financial Inc. raised its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,709 shares of the company's stock after buying an additional 12,017 shares during the period. Ameriprise Financial Inc. owned about 0.17% of Universal Technical Institute worth $2,332,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in UTI. Covestor Ltd boosted its stake in shares of Universal Technical Institute by 24.4% during the 4th quarter. Covestor Ltd now owns 1,977 shares of the company's stock valued at $51,000 after buying an additional 388 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in Universal Technical Institute in the 4th quarter worth approximately $79,000. Aquatic Capital Management LLC bought a new position in Universal Technical Institute in the 4th quarter worth $118,000. Meeder Asset Management Inc. raised its holdings in Universal Technical Institute by 418.6% in the 4th 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. Finally, Envestnet Asset Management Inc. bought a new position in Universal Technical Institute in the 4th quarter worth $203,000. 75.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $31.84, for a total transaction of $191,040.00. Following the sale, the director now directly owns 32,516 shares of the company's stock, valued at approximately $1,035,309.44. The trade was a 15.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sherrell Smith sold 36,773 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.68, for a total value of $981,103.64. Following the sale, the executive vice president now owns 227,358 shares in the company, valued at $6,065,911.44. This represents a 13.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 120,024 shares of company stock worth $3,466,170. 15.10% of the stock is owned by insiders.

Universal Technical Institute Trading Up 0.2%

NYSE:UTI traded up $0.07 during trading hours on Monday, hitting $35.60. The stock had a trading volume of 233,410 shares, compared to its average volume of 591,634. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $36.32. 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 has a market cap of $1.94 billion, a price-to-earnings ratio of 36.69, a P/E/G ratio of 1.92 and a beta of 1.57. The business's 50 day moving average is $29.72 and its 200-day moving average is $27.49.

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

Analyst Ratings Changes

Several research firms have recently issued reports on UTI. Northland Securities boosted their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Barrington Research upped their target price on shares of Universal Technical Institute from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Truist Financial boosted their price target on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Lake Street Capital reiterated a "buy" rating and set a $38.00 target price (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Finally, B. Riley started coverage on shares of Universal Technical Institute in a research report on Friday, March 28th. They set a "buy" rating and a $31.00 target price on the stock. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $35.83.

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.