Universal Technical Institute Inc $UTI Stake Boosted by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Universal Technical Institute Inc (NYSE:UTI) by 1.7% in the third quarter, HoldingsChannel.com reports. The firm owned 1,580,224 shares of the company’s stock after acquiring an additional 26,025 shares during the period. American Century Companies Inc.’s holdings in Universal Technical Institute were worth $51,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of UTI. Baillie Gifford & Co. bought a new position in Universal Technical Institute during the 3rd quarter worth $18,901,000. Envestnet Asset Management Inc. boosted its holdings in shares of Universal Technical Institute by 68.5% during the third quarter. Envestnet Asset Management Inc. now owns 152,499 shares of the company’s stock valued at $4,964,000 after acquiring an additional 61,971 shares during the period. Franklin Resources Inc. bought a new position in shares of Universal Technical Institute during the second quarter worth about $721,000. Fortress Investment Group LLC bought a new position in shares of Universal Technical Institute during the second quarter worth about $5,901,000. Finally, Jump Financial LLC increased its holdings in shares of Universal Technical Institute by 511.9% in the 2nd quarter. Jump Financial LLC now owns 237,412 shares of the company’s stock worth $8,046,000 after acquiring an additional 198,612 shares during the period. 75.67% of the stock is owned by institutional investors and hedge funds.

Universal Technical Institute Stock Performance

Shares of UTI opened at $35.13 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s 50 day moving average is $29.20 and its 200-day moving average is $28.55. Universal Technical Institute Inc has a 12-month low of $21.29 and a 12-month high of $38.02. The stock has a market capitalization of $1.93 billion, a P/E ratio of 36.22, a P/E/G ratio of 3.10 and a beta of 1.31.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $220.84 million during the quarter, compared to analysts’ expectations of $216.65 million. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. Equities research analysts anticipate that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Insider Transactions at Universal Technical Institute

In related news, CEO Jerome Alan Grant sold 60,040 shares of Universal Technical Institute stock in a transaction on Friday, February 27th. The stock was sold at an average price of $34.95, for a total value of $2,098,398.00. Following the transaction, the chief executive officer directly owned 430,215 shares in the company, valued at $15,036,014.25. The trade was a 12.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Carolyn Ann Frank sold 1,750 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $30.08, for a total value of $52,640.00. Following the sale, the senior vice president directly owned 30,272 shares in the company, valued at $910,581.76. This trade represents a 5.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 114,461 shares of company stock valued at $4,101,832 in the last three months. 9.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

UTI has been the subject of a number of analyst reports. Barrington Research reissued an “outperform” rating and set a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, February 5th. Wall Street Zen cut Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Zacks Research upgraded Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Rosenblatt Securities reissued a “buy” rating and issued a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, February 5th. Finally, Weiss Ratings cut Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.20.

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.