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

JPMorgan Chase & Co. raised its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 25.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,250 shares of the company’s stock after purchasing an additional 28,617 shares during the quarter. JPMorgan Chase & Co.’s holdings in Universal Technical Institute were worth $3,683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Arcadia Investment Management Corp MI acquired a new stake in Universal Technical Institute in the fourth quarter valued at approximately $79,000. Morse Asset Management Inc purchased a new position in shares of Universal Technical Institute in the third quarter valued at $152,000. KLP Kapitalforvaltning AS acquired a new stake in Universal Technical Institute during the 4th quarter valued at $206,000. AlphaQuest LLC increased its stake in Universal Technical Institute by 822,000.0% during the 4th quarter. AlphaQuest LLC now owns 8,221 shares of the company’s stock worth $211,000 after buying an additional 8,220 shares during the period. Finally, Verdence Capital Advisors LLC purchased a new stake in Universal Technical Institute during the 4th quarter worth $212,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Stock Down 1.4 %

UTI stock opened at $27.35 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. The firm’s 50-day simple moving average is $27.04 and its 200 day simple moving average is $24.41. The stock has a market cap of $1.49 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 1.92 and a beta of 1.48. Universal Technical Institute, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $30.56.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share 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%. As a group, sell-side analysts predict that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Insider Activity

In other news, 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 transaction of $220,720.00. Following the completion of the transaction, the director now owns 34,917 shares in the company, valued at approximately $963,360.03. This trade represents a 18.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Sherrell Smith sold 39,446 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $27.85, for a total value of $1,098,571.10. Following the completion of the transaction, the executive vice president now directly owns 177,912 shares in the company, valued at $4,954,849.20. This represents a 18.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,524 shares of company stock worth $2,578,450. 15.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. 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. Barrington Research reissued an “outperform” rating and issued a $35.00 price target on shares of Universal Technical Institute in a report on Thursday. Lake Street Capital lifted their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Rosenblatt Securities increased 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. 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 target for the company. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $32.17.

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.