Wellington Management Group LLP Takes $7.86 Million Position in Universal Technical Institute Inc $UTI

Key Points

• Wellington Management Group LLP acquired a new stake in Universal Technical Institute, purchasing 306,074 shares valued at approximately $7.86 million, representing about 0.56% ownership of the company.
• Universal Technical Institute reported earnings of $0.19 per share, exceeding analysts' expectations of $0.12, with revenues of $204.3 million for the quarter.
• The company's stock has seen investment activity from several major firms, with institutional investors owning 75.67% of shares, highlighting significant interest from large investment entities.

Wellington Management Group LLP purchased a new stake in Universal Technical Institute Inc (NYSE:UTI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 306,074 shares of the company's stock, valued at approximately $7,860,000. Wellington Management Group LLP owned approximately 0.56% of Universal Technical Institute as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. CWM LLC raised its holdings in shares of Universal Technical Institute by 105.0% in the 1st quarter. CWM LLC now owns 2,167 shares of the company's stock valued at $56,000 after purchasing an additional 1,110 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Universal Technical Institute during the 1st quarter worth approximately $61,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Universal Technical Institute during the 1st quarter worth approximately $68,000. USA Financial Formulas bought a new position in shares of Universal Technical Institute during the 1st quarter worth approximately $84,000. Finally, Lazard Asset Management LLC bought a new position in shares of Universal Technical Institute during the 4th quarter worth approximately $101,000. Institutional investors own 75.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wall Street Zen lowered shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Rosenblatt Securities reiterated a "buy" rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, August 7th. Truist Financial boosted their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Lake Street Capital reiterated a "buy" rating and set a $38.00 price objective (up previously from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Finally, Barrington Research reiterated an "outperform" rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, Universal Technical Institute presently has a consensus rating of "Buy" and a consensus target price of $35.83.

Universal Technical Institute Stock Performance

NYSE:UTI traded down $0.27 during trading hours on Monday, hitting $26.62. 551,922 shares of the company were exchanged, compared to its average volume of 976,889. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 1.67 and a beta of 1.65. Universal Technical Institute Inc has a 52-week low of $15.14 and a 52-week high of $36.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. The company's 50 day moving average price is $30.27 and its 200-day moving average price is $29.88.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released 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. The company had revenue of $204.30 million for the quarter, compared to the consensus estimate of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. As a group, research analysts forecast that Universal Technical Institute Inc will post 1 earnings per share for the current year.

Universal Technical Institute Company 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.