Harvest Investment Services LLC Takes Position in Universal Technical Institute, Inc. (NYSE:UTI)

Harvest Investment Services LLC acquired a new stake in Universal Technical Institute, Inc. (NYSE:UTI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,027 shares of the company’s stock, valued at approximately $386,000.

Several other institutional investors also recently bought and sold shares of UTI. Covestor Ltd grew its position in shares of Universal Technical Institute by 24.4% in the fourth quarter. Covestor Ltd now owns 1,977 shares of the company’s stock valued at $51,000 after purchasing an additional 388 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in Universal Technical Institute in the 4th quarter worth about $79,000. Meeder Asset Management Inc. boosted its holdings in Universal Technical Institute by 418.6% in the 4th quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company’s stock worth $202,000 after buying an additional 6,337 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in Universal Technical Institute during the 4th quarter worth approximately $203,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Universal Technical Institute during the fourth quarter valued at approximately $206,000. 75.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UTI has been the subject of several research reports. Northland Securities lifted their price target on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Lake Street Capital increased their price target on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Barrington Research reiterated an “outperform” rating and issued a $35.00 price objective on shares of Universal Technical Institute in a report on Thursday, April 17th. B. Riley started coverage on Universal Technical Institute in a research note on Friday, March 28th. They set a “buy” rating and a $31.00 target price for the company. Finally, Rosenblatt Securities upped their price target on Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $32.17.

Insider Buying and Selling

In related news, Director George W. Brochick sold 8,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total transaction of $220,720.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sherrell Smith sold 39,446 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total transaction of $1,098,571.10. Following the transaction, the executive vice president now 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. Insiders sold a total of 94,524 shares of company stock worth $2,578,450 in the last 90 days. Company insiders own 15.10% of the company’s stock.

Universal Technical Institute Stock Up 5.8 %

Shares of NYSE:UTI opened at $27.02 on Wednesday. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 1.92 and a beta of 1.48. The firm’s 50 day moving average price is $27.00 and its 200 day moving average price is $24.49. Universal Technical Institute, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $30.56. 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 (NYSE:UTI) last posted its earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. As a group, equities research analysts predict that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

About Universal Technical Institute

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.