Pullen Investment Management LLC Has $1.68 Million Holdings in Universal Technical Institute Inc (NYSE:UTI)

Pullen Investment Management LLC cut its position in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 31.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,229 shares of the company's stock after selling 30,181 shares during the period. Pullen Investment Management LLC owned 0.12% of Universal Technical Institute worth $1,675,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in shares of 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 acquiring an additional 388 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Universal Technical Institute in the 4th quarter valued at $79,000. USA Financial Formulas acquired a new position in Universal Technical Institute in the first quarter worth $84,000. Lazard Asset Management LLC bought a new stake in shares of Universal Technical Institute during the fourth quarter worth $101,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Universal Technical Institute in the fourth quarter valued at $118,000. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Trading Down 1.1%

NYSE:UTI traded down $0.37 during mid-day trading on Tuesday, hitting $33.27. The company had a trading volume of 534,913 shares, compared to its average volume of 600,369. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.07 and a current ratio of 1.07. Universal Technical Institute Inc has a fifty-two week low of $13.66 and a fifty-two week high of $36.32. The firm has a market cap of $1.81 billion, a P/E ratio of 31.99, a P/E/G ratio of 2.12 and a beta of 1.61. The business's fifty day moving average is $31.64 and its two-hundred day moving average is $28.35.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.07. The business had revenue of $207.45 million for the quarter, compared to the consensus estimate of $196.63 million. Universal Technical Institute had a net margin of 7.34% and a return on equity of 21.40%. As a group, research analysts expect that Universal Technical Institute Inc will post 1 earnings per share for the current year.

Insider Transactions at Universal Technical Institute

In related news, EVP Sherrell Smith sold 39,446 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total transaction of $1,098,571.10. Following the sale, the executive vice president now owns 177,912 shares of the company's stock, valued at approximately $4,954,849.20. This trade represents a 18.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Todd A. Hitchcock sold 27,500 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $33.36, for a total value of $917,400.00. Following the completion of the transaction, the chief operating officer now directly owns 80,521 shares of the company's stock, valued at approximately $2,686,180.56. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,251 shares of company stock valued at $2,485,066 over the last three months. 15.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. B. Riley assumed coverage on shares of Universal Technical Institute in a research report on Friday, March 28th. They set a "buy" rating and a $31.00 price target on the stock. Truist Financial upped their target price on shares of 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 set a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, June 12th. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, May 8th. Finally, Lake Street Capital restated a "buy" rating and issued a $38.00 price objective (up from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company 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.