Boston Partners Has $7.61 Million Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

Boston Partners lessened its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 295,794 shares of the company’s stock after selling 4,168 shares during the quarter. Boston Partners’ holdings in Universal Technical Institute were worth $7,605,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UTI. Quarry LP lifted its stake in Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after acquiring an additional 3,056 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Universal Technical Institute during the fourth quarter worth about $79,000. Morse Asset Management Inc acquired a new position in Universal Technical Institute during the third quarter worth approximately $152,000. Y Intercept Hong Kong Ltd bought a new stake in Universal Technical Institute in the third quarter valued at approximately $174,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Universal Technical Institute in the third quarter valued at approximately $188,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UTI shares. Lake Street Capital increased their price target on Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Northland Securities increased their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Barrington Research lifted their target price on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Rosenblatt Securities increased their price target on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $31.17.

Insider Activity

In related news, Director George W. Brochick sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the sale, the director now directly owns 34,917 shares of the company’s stock, valued at $963,360.03. This trade represents a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Sherrell Smith sold 39,446 shares of the business’s stock in a transaction dated 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 directly owns 177,912 shares of the company’s stock, valued at approximately $4,954,849.20. The trade was a 18.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,219 shares of company stock worth $2,300,395. Insiders own 15.10% of the company’s stock.

Universal Technical Institute Trading Down 4.6 %

Shares of Universal Technical Institute stock opened at $26.52 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. Universal Technical Institute, Inc. has a 12-month low of $13.66 and a 12-month high of $30.56. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.92 and a beta of 1.49. The firm’s 50-day moving average price is $27.23 and its two-hundred day moving average price is $22.77.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (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%. On average, analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

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.