Vanguard Group Inc. Has $70.59 Million Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

Vanguard Group Inc. increased its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,745,668 shares of the company's stock after acquiring an additional 44,103 shares during the period. Vanguard Group Inc. owned approximately 5.05% of Universal Technical Institute worth $70,591,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in Universal Technical Institute by 16.3% during the 4th quarter. American Century Companies Inc. now owns 973,162 shares of the company's stock valued at $25,020,000 after purchasing an additional 136,642 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Universal Technical Institute by 9.8% in the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company's stock worth $15,496,000 after buying an additional 85,417 shares during the last quarter. State Street Corp grew its holdings in Universal Technical Institute by 3.6% during the 3rd quarter. State Street Corp now owns 856,091 shares of the company's stock worth $13,920,000 after acquiring an additional 29,461 shares in the last quarter. Hennessy Advisors Inc. increased its position in shares of Universal Technical Institute by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company's stock worth $17,763,000 after purchasing an additional 44,100 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Universal Technical Institute in the 3rd quarter valued at about $10,217,000. Institutional investors and hedge funds own 75.67% of the company's stock.

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Analyst Ratings Changes

UTI has been the subject of several research analyst reports. Barrington Research boosted their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Rosenblatt Securities upped their price target on Universal Technical Institute from $30.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Northland Securities boosted their target price on shares of 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 raised their price target on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, B. Riley initiated 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 objective for the company. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $32.17.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, EVP Sherrell Smith sold 39,446 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total value of $1,098,571.10. Following the transaction, the executive vice president now owns 177,912 shares of the company's stock, valued at approximately $4,954,849.20. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George W. Brochick sold 8,000 shares of Universal Technical Institute stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 in the company, valued at approximately $963,360.03. The trade was a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,427 shares of company stock valued at $2,575,729. Company insiders own 15.10% of the company's stock.

Universal Technical Institute Stock Performance

Shares of UTI traded down $0.21 during midday trading on Wednesday, hitting $27.91. 52,307 shares of the stock traded hands, compared to its average volume of 554,543. The business's 50 day moving average price is $27.13 and its two-hundred day moving average price is $24.10. The firm has a market capitalization of $1.52 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.92 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. 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 posted 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 net margin of 7.08% and a return on equity of 21.25%. Equities research analysts predict that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

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.