US Bancorp DE increased its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI – Get Rating) by 22.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,306 shares of the company's stock after purchasing an additional 5,000 shares during the quarter. US Bancorp DE owned 0.08% of Universal Technical Institute worth $149,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in Universal Technical Institute by 9.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 36,890 shares of the company's stock worth $263,000 after purchasing an additional 3,090 shares in the last quarter. BlackRock Inc. boosted its position in Universal Technical Institute by 0.7% during the 1st quarter. BlackRock Inc. now owns 507,116 shares of the company's stock worth $4,487,000 after acquiring an additional 3,325 shares during the last quarter. Pembroke Management LTD boosted its position in Universal Technical Institute by 27.1% during the 3rd quarter. Pembroke Management LTD now owns 24,397 shares of the company's stock worth $132,000 after acquiring an additional 5,209 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Universal Technical Institute during the 1st quarter worth approximately $47,000. Finally, Legal & General Group Plc acquired a new position in Universal Technical Institute during the 2nd quarter worth approximately $44,000. 76.70% of the stock is owned by institutional investors.
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Universal Technical Institute Trading Up 4.0 %
Shares of Universal Technical Institute stock opened at $7.55 on Friday. The business has a fifty day simple moving average of $6.83 and a two-hundred day simple moving average of $6.80. Universal Technical Institute, Inc. has a 1 year low of $5.27 and a 1 year high of $11.45. The company has a market capitalization of $256.13 million, a price-to-earnings ratio of 19.87, a P/E/G ratio of 3.31 and a beta of 0.89. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.99.
Universal Technical Institute (NYSE:UTI – Get Rating) last announced its quarterly earnings results on Monday, December 12th. The company reported $0.18 earnings per share (EPS) for the quarter. Universal Technical Institute had a return on equity of 22.15% and a net
margin of 6.17%. The business had revenue of $110.64 million during the quarter, compared to the consensus estimate of $112.25 million. Research analysts forecast that Universal Technical Institute, Inc. will post 0.15 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have weighed in on UTI. Rosenblatt Securities reduced their price target on Universal Technical Institute from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, December 13th. StockNews.com raised Universal Technical Institute from a "hold" rating to a "buy" rating in a report on Friday, January 6th. TheStreet raised Universal Technical Institute from a "c+" rating to a "b-" rating in a report on Wednesday, December 7th. Barrington Research cut their price objective on Universal Technical Institute from $14.00 to $10.00 and set an "outperform" rating for the company in a report on Tuesday, December 13th. Finally, Lake Street Capital cut their price objective on Universal Technical Institute from $12.00 to $10.00 and set a "buy" rating for the company in a report on Tuesday, December 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Universal Technical Institute currently has a consensus rating of "Buy" and a consensus price target of $10.60.
Insider Buying and Selling at Universal Technical Institute
In other news, Director Coliseum Capital Management, L acquired 82,827 shares of the stock in a transaction on Friday, December 16th. The shares were purchased at an average price of $6.31 per share, for a total transaction of $522,638.37. Following the transaction, the director now directly owns 216,719 shares of the company's stock, valued at $1,367,496.89. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders acquired 296,531 shares of company stock valued at $1,880,926 in the last quarter. 5.10% of the stock is currently owned by insiders.
Universal Technical Institute Company Profile
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Universal Technical Institute, Inc engages in the provision of transportation and technical training programs. It operates through the Postsecondary Education and Other segments. The Postsecondary Education segment offers technical training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, welders, and CNC machining technicians.
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