Teacher Retirement System of Texas Has $939,000 Stock Position in Universal Technical Institute Inc (NYSE:UTI)

Teacher Retirement System of Texas increased its holdings in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 100.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,553 shares of the company's stock after purchasing an additional 18,320 shares during the period. Teacher Retirement System of Texas owned 0.07% of Universal Technical Institute worth $939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd raised its holdings in shares of Universal Technical Institute by 24.4% during the fourth quarter. Covestor Ltd now owns 1,977 shares of the company's stock worth $51,000 after purchasing an additional 388 shares during the last quarter. Independent Advisor Alliance increased its holdings in Universal Technical Institute by 4.4% in the fourth quarter. Independent Advisor Alliance now owns 12,157 shares of the company's stock valued at $313,000 after buying an additional 507 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Universal Technical Institute by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company's stock valued at $578,000 after buying an additional 777 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Universal Technical Institute by 5.7% in the fourth quarter. MetLife Investment Management LLC now owns 23,962 shares of the company's stock valued at $616,000 after purchasing an additional 1,294 shares during the period. Finally, Precision Wealth Strategies LLC grew its position in shares of Universal Technical Institute by 5.3% in the first quarter. Precision Wealth Strategies LLC now owns 25,874 shares of the company's stock valued at $664,000 after purchasing an additional 1,296 shares during the period. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Stock Performance

UTI stock traded down $0.08 during trading on Wednesday, hitting $31.85. 83,119 shares of the company's stock traded hands, compared to its average volume of 603,207. Universal Technical Institute Inc has a 52 week low of $15.14 and a 52 week high of $36.32. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 2.00 and a beta of 1.58. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $33.58 and a two-hundred day moving average price of $29.31.

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 for the quarter, beating analysts' consensus estimates of $0.14 by $0.07. Universal Technical Institute had a net margin of 7.34% and a return on equity of 21.40%. The company had revenue of $207.45 million during the quarter, compared to the consensus estimate of $196.63 million. As a group, equities analysts anticipate that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Insider Transactions at Universal Technical Institute

In other news, COO Todd A. Hitchcock sold 27,500 shares of the company's stock in a transaction dated 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 owned 80,521 shares in the company, valued at $2,686,180.56. This represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George W. Brochick sold 6,000 shares of the 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 completion of the transaction, the director owned 32,516 shares in the company, valued at $1,035,309.44. This represents a 15.58% decrease in their position. The disclosure for this sale can be found here. 15.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on UTI. Truist Financial boosted their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Barrington Research reaffirmed an "outperform" rating and set a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, June 12th. B. Riley started 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 objective on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, May 8th. Finally, Lake Street Capital reiterated a "buy" rating and set a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Universal Technical Institute has a consensus rating of "Buy" and an average price target 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.