Universal Technical Institute Inc $UTI Stock: Guardian Wealth Management Inc. Boosts Position

Key Points

• Guardian Wealth Management increased its UTI position by 35.7% in the third quarter, to 192,116 shares worth about $3.6 million. Institutional investors collectively own 75.67% of the stock.
• Analysts give UTI a “Moderate Buy” consensus rating, with an average price target of $42.33; four analysts rate it Buy and three rate it Hold.
• UTI reported quarterly EPS of $0.04, beating the $0.02 consensus, while revenue of $218.91 million came in below estimates of $220.40 million. Shares opened at $22.32, within a 12-month range of $18.02 to $51.34.

Guardian Wealth Management Inc. raised its position in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 35.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 192,116 shares of the company's stock after purchasing an additional 50,572 shares during the period. Universal Technical Institute accounts for approximately 1.8% of Guardian Wealth Management Inc.'s portfolio, making the stock its 22nd largest holding. Guardian Wealth Management Inc. owned 0.35% of Universal Technical Institute worth $3,587,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Universal Technical Institute during the 2nd quarter valued at $323,080,000. Punch & Associates Investment Management Inc. purchased a new position in shares of Universal Technical Institute in the second quarter worth about $46,879,000. Dimensional Fund Advisors LP raised its position in shares of Universal Technical Institute by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,296,989 shares of the company's stock valued at $46,826,000 after purchasing an additional 9,153 shares during the period. Alyeska Investment Group L.P. raised its position in shares of Universal Technical Institute by 18.7% in the second quarter. Alyeska Investment Group L.P. now owns 1,075,771 shares of the company's stock valued at $46,011,000 after purchasing an additional 169,513 shares during the period. Finally, AWM Investment Company Inc. purchased a new stake in shares of Universal Technical Institute during the 2nd quarter valued at approximately $20,919,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UTI. Weiss Ratings lowered shares of Universal Technical Institute from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, October 6th. Northland Securities set a $35.00 target price on Universal Technical Institute in a research report on Thursday, September 10th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $45.00 price target on shares of Universal Technical Institute in a report on Thursday, August 6th. Truist Financial reduced their price target on Universal Technical Institute from $47.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, B. Riley Financial decreased their price objective on Universal Technical Institute from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Wednesday, October 28th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $42.33.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $22.32 on Thursday. The company has a 50 day moving average of $20.87 and a 200 day moving average of $32.15. The stock has a market cap of $1.23 billion, a P/E ratio of 36.01, a P/E/G ratio of 1.98 and a beta of 1.18. Universal Technical Institute Inc has a 12 month low of $18.02 and a 12 month high of $51.34. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. The business had revenue of $218.91 million for the quarter, compared to analyst estimates of $220.40 million. As a group, sell-side analysts forecast that Universal Technical Institute Inc will post 0.61 EPS for the current fiscal year.

About Universal Technical Institute

Universal Technical Institute, Inc NYSE: UTI is a provider of postsecondary technical education in the United States. Founded in 1965, the company prepares students for careers in transportation, skilled trades, energy, and other technical fields through hands-on instruction and industry-focused training.

Its programs cover automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, robotics and automation, wind energy, and industrial technology. The company operates under several specialized brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.

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