Raymond James Financial Inc. Purchases New Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Raymond James Financial Inc. acquired a new stake in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,627 shares of the company's stock, valued at approximately $993,000. Raymond James Financial Inc. owned approximately 0.07% of Universal Technical Institute as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new position in Universal Technical Institute in the 4th quarter valued at about $79,000. Quarry LP raised its position in shares of Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company's stock valued at $63,000 after buying an additional 3,056 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of Universal Technical Institute in the fourth quarter valued at approximately $212,000. Morse Asset Management Inc purchased a new position in shares of Universal Technical Institute during the third quarter valued at approximately $152,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Universal Technical Institute during the third quarter worth approximately $174,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Universal Technical Institute Trading Up 1.9 %

UTI traded up $0.47 on Tuesday, reaching $26.07. 1,004,211 shares of the company's stock were exchanged, compared to its average volume of 548,511. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $30.56. The company's 50 day moving average is $27.23 and its 200-day moving average is $23.69. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 1.92 and a beta of 1.48.

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

Analyst Upgrades and Downgrades

UTI has been the subject of several analyst reports. Northland Securities boosted their price target on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Rosenblatt Securities upped their target price 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 assumed coverage on Universal Technical Institute in a research note on Friday, March 28th. They issued a "buy" rating and a $31.00 price target on the stock. Barrington Research increased their price objective on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, Lake Street Capital boosted their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Universal Technical Institute currently has a consensus rating of "Buy" and an average target price of $32.17.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the transaction, the director now owns 34,917 shares in the company, valued at $963,360.03. This represents a 18.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sherrell Smith sold 10,000 shares of Universal Technical Institute stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $26.95, for a total transaction of $269,500.00. Following the sale, the executive vice president now owns 157,663 shares in the company, valued at $4,249,017.85. This represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 94,219 shares of company stock valued at $2,569,895 over the last quarter. Company insiders own 15.10% of the company's stock.

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.