Universal Technical Institute, Inc. (NYSE:UTI) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 25.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 143,250 shares of the company's stock after acquiring an additional 28,617 shares during the period. JPMorgan Chase & Co. owned about 0.26% of Universal Technical Institute worth $3,683,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC purchased a new position in Universal Technical Institute during the third quarter worth about $10,217,000. Victory Capital Management Inc. increased its stake in shares of Universal Technical Institute by 1,377.1% during the 4th quarter. Victory Capital Management Inc. now owns 518,256 shares of the company's stock valued at $13,324,000 after acquiring an additional 483,170 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Universal Technical Institute by 362.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company's stock valued at $9,691,000 after acquiring an additional 295,408 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Universal Technical Institute by 16.3% during the 4th quarter. American Century Companies Inc. now owns 973,162 shares of the company's stock worth $25,020,000 after acquiring an additional 136,642 shares during the period. Finally, Pembroke Management LTD boosted its position in shares of Universal Technical Institute by 22.6% in the fourth quarter. Pembroke Management LTD now owns 503,007 shares of the company's stock worth $12,932,000 after acquiring an additional 92,844 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on UTI. B. Riley began coverage on shares of Universal Technical Institute in a research report on Friday, March 28th. They set a "buy" rating and a $31.00 price target for the company. Barrington Research restated an "outperform" rating and set a $35.00 price objective on shares of Universal Technical Institute in a report on Thursday, April 17th. Rosenblatt Securities increased their target price on Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a research 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 company a "buy" rating in a research report on Thursday, February 6th. Finally, Northland Securities upped their price target 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 investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $32.17.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, EVP Sherrell Smith sold 36,773 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.68, for a total value of $981,103.64. Following the transaction, the executive vice president now owns 227,358 shares in the company, valued at $6,065,911.44. The trade was a 13.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George W. Brochick sold 8,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the sale, the director now owns 34,917 shares of the company's stock, valued at $963,360.03. This represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 94,524 shares of company stock valued at $2,578,450 over the last 90 days. 15.10% of the stock is owned by corporate insiders.

Universal Technical Institute Stock Up 3.6 %

NYSE UTI traded up $0.96 during trading hours on Wednesday, hitting $27.95. The company had a trading volume of 564,372 shares, compared to its average volume of 561,428. The firm's 50 day moving average is $27.00 and its 200 day moving average is $24.49. 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, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $30.56. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 1.92 and a beta of 1.48.

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 (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal 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.