Invesco Ltd. Purchases 74,833 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Invesco Ltd. lifted its holdings in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 26.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 354,673 shares of the company's stock after buying an additional 74,833 shares during the period. Invesco Ltd. owned approximately 0.65% of Universal Technical Institute worth $9,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its position in Universal Technical Institute by 2.3% in the fourth quarter. Federated Hermes Inc. now owns 249,605 shares of the company's stock valued at $6,417,000 after buying an additional 5,596 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Universal Technical Institute in the fourth quarter valued at $203,000. Wells Fargo & Company MN boosted its holdings in Universal Technical Institute by 15.6% in the fourth quarter. Wells Fargo & Company MN now owns 48,154 shares of the company's stock valued at $1,238,000 after purchasing an additional 6,490 shares during the period. Integrated Quantitative Investments LLC acquired a new stake in Universal Technical Institute in the 4th quarter valued at about $434,000. Finally, Trexquant Investment LP lifted its position in shares of Universal Technical Institute by 127.0% during the 4th quarter. Trexquant Investment LP now owns 201,956 shares of the company's stock worth $5,192,000 after purchasing an additional 112,989 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Universal Technical Institute

In other news, Director George W. Brochick sold 8,000 shares of the business's stock in a transaction 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 directly owns 34,917 shares in the company, valued at $963,360.03. The trade was a 18.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sherrell Smith sold 36,773 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.68, for a total value of $981,103.64. Following the completion of the transaction, the executive vice president now directly owns 227,358 shares in the company, valued at approximately $6,065,911.44. The trade was a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,524 shares of company stock worth $2,578,450. 15.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on UTI shares. Northland Securities increased their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Lake Street Capital boosted their target price on Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Rosenblatt Securities lifted their price target on Universal Technical Institute from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. B. Riley started coverage on shares of Universal Technical Institute in a research report on Friday, March 28th. They set a "buy" rating and a $31.00 target price on the stock. Finally, Barrington Research reissued an "outperform" rating and issued a $35.00 target price on shares of Universal Technical Institute in a report on Thursday, April 17th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $32.17.

Universal Technical Institute Stock Performance

Shares of UTI stock traded up $0.10 during trading hours on Friday, reaching $27.94. The stock had a trading volume of 489,604 shares, compared to its average volume of 565,435. The firm has a market capitalization of $1.52 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 1.92 and a beta of 1.48. The firm has a 50-day simple moving average of $26.97 and a 200-day simple moving average of $24.75. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $30.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. As a group, equities analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Universal Technical Institute 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.