Boston Partners Lowers Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

Boston Partners lowered its position in Universal Technical Institute, Inc. (NYSE:UTI) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,592 shares of the company’s stock after selling 12,169 shares during the period. Boston Partners owned about 0.50% of Universal Technical Institute worth $4,281,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in UTI. New York State Common Retirement Fund boosted its position in Universal Technical Institute by 28.0% during the fourth quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock worth $131,000 after purchasing an additional 2,296 shares during the period. Kennedy Capital Management LLC boosted its position in Universal Technical Institute by 3.7% during the first quarter. Kennedy Capital Management LLC now owns 78,640 shares of the company’s stock worth $1,254,000 after purchasing an additional 2,798 shares during the period. International Assets Investment Management LLC boosted its position in Universal Technical Institute by 1,152.0% during the fourth quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock worth $39,000 after purchasing an additional 2,880 shares during the period. American International Group Inc. boosted its position in Universal Technical Institute by 19.6% during the first quarter. American International Group Inc. now owns 19,494 shares of the company’s stock worth $311,000 after purchasing an additional 3,194 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Universal Technical Institute by 11.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 33,375 shares of the company’s stock worth $532,000 after purchasing an additional 3,446 shares during the period. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Trading Down 2.7 %

NYSE:UTI traded down $0.49 during trading hours on Friday, hitting $17.84. The company had a trading volume of 525,641 shares, compared to its average volume of 549,395. The company has a market capitalization of $959.79 million, a PE ratio of 49.56, a price-to-earnings-growth ratio of 1.72 and a beta of 1.26. The stock has a 50-day moving average price of $16.22 and a 200 day moving average price of $15.40. Universal Technical Institute, Inc. has a 52 week low of $7.13 and a 52 week high of $19.79. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.02 and a quick ratio of 1.02.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Universal Technical Institute had a net margin of 2.97% and a return on equity of 10.55%. The company had revenue of $184.18 million during the quarter, compared to the consensus estimate of $177.01 million. On average, equities research analysts predict that Universal Technical Institute, Inc. will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UTI has been the subject of a number of analyst reports. B. Riley restated a “buy” rating and issued a $22.00 price objective (up from $20.00) on shares of Universal Technical Institute in a research report on Thursday, May 30th. Northland Securities reaffirmed an “outperform” rating and issued a $18.00 target price on shares of Universal Technical Institute in a research note on Friday, July 12th. StockNews.com downgraded shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Truist Financial initiated coverage on shares of Universal Technical Institute in a research note on Thursday, July 25th. They set a “buy” rating and a $22.00 price target on the stock. Finally, Rosenblatt Securities lifted their price target on shares of Universal Technical Institute from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.50.

Insider Activity

In other news, Director Loretta Lydia Sanchez sold 6,288 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $15.22, for a total transaction of $95,703.36. Following the sale, the director now owns 13,712 shares in the company, valued at approximately $208,696.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 27.60% of the company’s stock.

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.