Quantinno Capital Management LP Acquires 36,463 Shares of Universal Technical Institute Inc $UTI

Quantinno Capital Management LP raised its stake in shares of Universal Technical Institute Inc (NYSE:UTI) by 383.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,979 shares of the company’s stock after purchasing an additional 36,463 shares during the quarter. Quantinno Capital Management LP owned 0.08% of Universal Technical Institute worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of UTI. Newbridge Financial Services Group Inc. bought a new position in shares of Universal Technical Institute during the 2nd quarter worth approximately $27,000. PNC Financial Services Group Inc. grew its position in Universal Technical Institute by 543.5% in the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $32,000 after acquiring an additional 750 shares during the period. Clearstead Advisors LLC grew its position in Universal Technical Institute by 187.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after acquiring an additional 943 shares during the period. NewEdge Advisors LLC acquired a new position in Universal Technical Institute during the first quarter worth $57,000. Finally, SBI Securities Co. Ltd. raised its stake in Universal Technical Institute by 4,500.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock worth $142,000 after acquiring an additional 5,310 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. B. Riley Financial reduced their price target on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a research note on Thursday, May 7th. Barrington Research raised their price objective on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, Griffin Securities set a $49.00 target price on shares of Universal Technical Institute in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, insider Kevin Prehn sold 4,545 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $40.00, for a total value of $181,800.00. Following the transaction, the insider directly owned 27,025 shares in the company, valued at approximately $1,081,000. This trade represents a 14.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jerome Alan Grant sold 94,500 shares of Universal Technical Institute stock in a transaction on Monday, June 29th. The shares were sold at an average price of $41.40, for a total value of $3,912,300.00. Following the completion of the sale, the chief executive officer directly owned 335,715 shares of the company’s stock, valued at $13,898,601. This trade represents a 21.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,102,545 shares of company stock valued at $128,449,570 over the last three months. 9.80% of the stock is owned by company insiders.

Universal Technical Institute Stock Performance

Universal Technical Institute stock opened at $25.58 on Thursday. The stock has a 50-day simple moving average of $40.46 and a 200 day simple moving average of $37.00. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. Universal Technical Institute Inc has a 12-month low of $21.29 and a 12-month high of $51.34. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 41.26, a P/E/G ratio of 2.80 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. The firm had revenue of $218.91 million for the quarter, compared to analyst estimates of $220.40 million. On average, research analysts anticipate that Universal Technical Institute Inc will post 0.61 earnings per share for the current fiscal year.

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.