Truist Financial Corp purchased a new stake in Universal Technical Institute, Inc. (NYSE:UTI – Get Rating) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,000 shares of the company’s stock, valued at approximately $106,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wallington Asset Management LLC acquired a new stake in Universal Technical Institute in the 1st quarter valued at about $126,000. Options Solutions LLC acquired a new stake in Universal Technical Institute in the 4th quarter valued at about $90,000. Kent Lake Capital LLC purchased a new stake in Universal Technical Institute during the fourth quarter valued at about $391,000. Invenire Partners LP purchased a new stake in Universal Technical Institute during the fourth quarter valued at about $2,863,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Universal Technical Institute during the fourth quarter valued at about $1,720,000. 70.66% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
UTI has been the subject of a number of analyst reports. Argus raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, June 28th. They noted that the move was a valuation call. StockNews.com lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. Barrington Research upped their price objective on shares of Universal Technical Institute from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, May 5th. Rosenblatt Securities started coverage on shares of Universal Technical Institute in a research note on Monday, July 11th. They set a “buy” rating and a $11.00 price objective for the company. Finally, B. Riley upped their target price on Universal Technical Institute from $11.00 to $14.00 in a report on Wednesday, April 20th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.50.
Universal Technical Institute Price Performance
Universal Technical Institute (NYSE:UTI – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.13. Universal Technical Institute had a return on equity of 31.96% and a net margin of 9.58%. The firm had revenue of $102.09 million for the quarter, compared to the consensus estimate of $97.20 million. Equities research analysts expect that Universal Technical Institute, Inc. will post 0.62 EPS for the current fiscal year.
Insider Activity at Universal Technical Institute
In other news, CEO Jerome Alan Grant sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $9.08, for a total transaction of $181,600.00. Following the completion of the sale, the chief executive officer now owns 87,152 shares in the company, valued at approximately $791,340.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.50% of the stock is owned by company insiders.
Universal Technical Institute Company Profile
Universal Technical Institute, Inc provides transportation and technical training programs in the United States. The company provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians. It also offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.
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