Universal Technical Institute Inc $UTI Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Universal Technical Institute Inc. by 11.2% in Q1, holding approximately 5.61% of the company, valued at $78.39 million.
• Universal Technical Institute reported Q2 earnings of $0.19 per share, exceeding analyst expectations, with revenues hitting $204.30 million.
• Wall Street analysts maintain a generally positive outlook with an average buy rating and a price target of approximately $35.83 for the stock.

Vanguard Group Inc. lifted its stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 11.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,052,652 shares of the company's stock after purchasing an additional 306,984 shares during the period. Vanguard Group Inc. owned about 5.61% of Universal Technical Institute worth $78,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC increased its stake in shares of Universal Technical Institute by 105.0% during the first quarter. CWM LLC now owns 2,167 shares of the company's stock worth $56,000 after purchasing an additional 1,110 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Universal Technical Institute during the first quarter worth about $61,000. USA Financial Formulas acquired a new position in Universal Technical Institute during the first quarter worth about $84,000. Lazard Asset Management LLC acquired a new position in Universal Technical Institute during the fourth quarter worth about $101,000. Finally, Aquatic Capital Management LLC acquired a new position in Universal Technical Institute during the fourth quarter worth about $118,000. Hedge funds and other institutional investors own 75.67% of the company's stock.

Universal Technical Institute Trading Down 1.0%

Shares of UTI stock traded down $0.27 during trading hours on Friday, hitting $26.62. The company had a trading volume of 551,922 shares, compared to its average volume of 977,524. The company's fifty day moving average is $30.27 and its 200 day moving average is $29.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. Universal Technical Institute Inc has a fifty-two week low of $15.14 and a fifty-two week high of $36.32. The stock has a market capitalization of $1.45 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.58.

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

Analyst Upgrades and Downgrades

UTI has been the topic of a number of recent research reports. Truist Financial boosted their price target 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 restated an "outperform" rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Rosenblatt Securities restated a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 7th. Wall Street Zen lowered shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Lake Street Capital restated a "buy" rating and set a $38.00 price target (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, the stock 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.