Fifth Third Bancorp Makes New $4.34 Million Investment in Universal Technical Institute Inc $UTI

Fifth Third Bancorp acquired a new stake in Universal Technical Institute Inc (NYSE:UTI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 120,251 shares of the company’s stock, valued at approximately $4,341,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Universal Technical Institute during the second quarter worth about $27,000. Clearstead Advisors LLC lifted its position in Universal Technical Institute by 187.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after acquiring an additional 943 shares during the period. NewEdge Advisors LLC acquired a new stake in Universal Technical Institute during the 1st quarter worth approximately $57,000. SBI Securities Co. Ltd. grew its stake in shares of Universal Technical Institute by 4,500.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock valued at $142,000 after purchasing an additional 5,310 shares during the last quarter. Finally, Brady Martz Wealth Solutions LLC purchased a new position in shares of Universal Technical Institute in the 1st quarter valued at approximately $203,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Price Performance

Universal Technical Institute stock opened at $40.30 on Friday. The firm has a market capitalization of $2.22 billion, a PE ratio of 52.34, a P/E/G ratio of 3.54 and a beta of 1.23. Universal Technical Institute Inc has a 52 week low of $21.29 and a 52 week high of $51.34. The firm’s 50-day simple moving average is $41.69 and its 200 day simple moving average is $35.83. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38.

Universal Technical Institute (NYSE:UTI) last posted its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $221.40 million during the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. On average, equities research analysts predict that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on UTI. Weiss Ratings cut Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a research report on Thursday, May 7th. Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a research report on Thursday, April 30th. Finally, Barrington Research raised their target price on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.80.

Insider Buying and Selling at Universal Technical Institute

In other news, CAO Christine Kline sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $44.42, for a total transaction of $155,470.00. Following the completion of the transaction, the chief accounting officer directly owned 43,006 shares of the company’s stock, valued at $1,910,326.52. This trade represents a 7.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jerome Alan Grant sold 94,500 shares of Universal Technical Institute stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $41.40, for a total value of $3,912,300.00. Following the transaction, the chief executive officer owned 335,715 shares of the company’s stock, valued at $13,898,601. This represents a 21.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,117,545 shares of company stock worth $128,998,420. 9.80% of the stock is currently owned by insiders.

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.