1 week Ago By Defense World Staff
Norges Bank acquired a new position in shares of Universal Technical Institute, Inc. (NYSE:UTI – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 204,900 shares of the company’s stock, valued at approximately $5,268,000.
Norges Bank owned about 0.38% of Universal Technical Institute at the end of the most recent reporting period. Several other hedge funds also recently modified their holdings of UTI.
JPMorgan Chase & Co. boosted its position in Universal Technical Institute by 25.0% during the fourth quarter.
JPMorgan Chase & Co. now owns 143,250 shares of the company’s stock valued at $3,683,000 after purchasing an additional 28,617 shares during the last quarter. Pier Capital LLC boosted its holdings in shares of Universal Technical Institute by 2.
4% in the 4th quarter. Pier Capital LLC now owns 566,663 shares of the company’s stock valued at $14,569,000 after buying an additional 13,281 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Universal Technical Institute in the fourth quarter valued at $1,071,000.
Vanguard Group Inc. increased its holdings in Universal Technical Institute by 1.6% during the fourth quarter.
Vanguard Group Inc. now owns 2,745,668 shares of the company’s stock worth $70,591,000 after buying an additional 44,103 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Universal Technical Institute during the fourth quarter worth $206,000.
Institutional investors own 75.67% of the company’s stock. Universal Technical Institute Stock PerformanceNYSE:UTI opened at $27.
53 on Thursday. The stock has a 50 day simple moving average of $27.23 and a 200 day simple moving average of $23.
79. The stock has a market cap of $1.50 billion, a P/E ratio of 28.
38, a PEG ratio of 1.92 and a beta of 1.48.
Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $30.
56. The company has a current ratio of 1.14, a quick ratio of 1.
14 and a debt-to-equity ratio of 0.42. Universal Technical Institute (NYSE:UTI – Get Free Report) last posted its earnings results on Wednesday, February 5th.
The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.
22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.
08%. Research analysts anticipate that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.
Insider Activity at Universal Technical InstituteIn related news, EVP Sherrell Smith sold 39,446 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $27.85, for a total transaction of $1,098,571.
10. Following the sale, the executive vice president now owns 177,912 shares in the company, valued at approximately $4,954,849.20.
This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Also, Director George W. Brochick sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $27.
59, for a total transaction of $220,720.00. Following the transaction, the director now owns 34,917 shares of the company’s stock, valued at approximately $963,360.
03. This represents a 18.64 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,219 shares of company stock worth $2,569,895. Company insiders own 15.
10% of the company’s stock. Wall Street Analysts Forecast GrowthA number of brokerages have recently commented on UTI. B.
Riley assumed 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 for the company.
Rosenblatt Securities lifted their price target on Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 6th.
Lake Street Capital boosted their price target on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th.
Barrington Research raised their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th.
Finally, Northland Securities lifted their target price on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th.
Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $32.17.
Check Out Our Latest Analysis on UTIUniversal Technical Institute Profile (Free Report)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.
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