Universal Technical Institute, Inc. (NYSE:UTI) is Pier Capital LLC's Largest Position

Pier Capital LLC increased its position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 566,663 shares of the company's stock after buying an additional 13,281 shares during the quarter. Universal Technical Institute accounts for approximately 2.1% of Pier Capital LLC's holdings, making the stock its biggest holding. Pier Capital LLC owned about 1.04% of Universal Technical Institute worth $14,569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Universal Technical Institute by 3.6% in the 3rd quarter. State Street Corp now owns 856,091 shares of the company's stock worth $13,920,000 after buying an additional 29,461 shares during the period. Geode Capital Management LLC boosted its stake in shares of Universal Technical Institute by 9.8% during the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company's stock valued at $15,496,000 after purchasing an additional 85,417 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Universal Technical Institute by 362.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company's stock valued at $9,691,000 after buying an additional 295,408 shares during the period. Rhumbline Advisers raised its stake in Universal Technical Institute by 37.4% in the fourth quarter. Rhumbline Advisers now owns 71,407 shares of the company's stock worth $1,836,000 after buying an additional 19,453 shares in the last quarter. Finally, Guardian Wealth Management Inc. lifted its holdings in Universal Technical Institute by 5,347.0% in the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company's stock worth $1,407,000 after buying an additional 84,964 shares during the period. 75.67% of the stock is currently owned by institutional investors.

Remove Ads

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock traded down $1.15 during trading on Friday, hitting $25.36. 1,216,314 shares of the company's stock traded hands, compared to its average volume of 538,395. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $1.38 billion, a P/E ratio of 26.14, a PEG ratio of 1.92 and a beta of 1.49. The business has a 50-day simple moving average of $27.30 and a 200-day simple moving average of $23.17. Universal Technical Institute, Inc. has a 1 year low of $13.66 and a 1 year high of $30.56.

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

Analysts Set New Price Targets

A number of research firms have recently commented on UTI. Northland Securities raised their target price on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. 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. B. Riley initiated coverage on shares of Universal Technical Institute in a research report on Friday. They issued a "buy" rating and a $31.00 target price on the stock. Barrington Research lifted their price target on shares of 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, Rosenblatt Securities upped their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $32.17.

Insider Buying and Selling at Universal Technical Institute

In other news, Director George W. Brochick sold 8,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total transaction of $220,720.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sherrell Smith sold 39,446 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total transaction of $1,098,571.10. Following the completion of the transaction, the executive vice president now owns 177,912 shares in the company, valued at $4,954,849.20. This trade represents a 18.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,219 shares of company stock worth $2,569,895. Insiders own 15.10% of the company's stock.

Universal Technical Institute Company 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.