Montanaro Asset Management Ltd Takes $1.16 Million Position in Universal Technical Institute Inc $UTI

Montanaro Asset Management Ltd acquired a new stake in shares of Universal Technical Institute Inc (NYSE:UTI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 44,300 shares of the company’s stock, valued at approximately $1,158,000. Montanaro Asset Management Ltd owned about 0.08% of Universal Technical Institute at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UTI. XTX Topco Ltd purchased a new position in Universal Technical Institute in the 4th quarter worth about $904,000. Uniplan Investment Counsel Inc. grew its stake in shares of Universal Technical Institute by 2.2% in the fourth quarter. Uniplan Investment Counsel Inc. now owns 204,594 shares of the company’s stock worth $4,968,000 after acquiring an additional 4,452 shares during the period. Wellington Management Group LLP raised its holdings in shares of Universal Technical Institute by 12.3% during the fourth quarter. Wellington Management Group LLP now owns 807,756 shares of the company’s stock valued at $21,107,000 after purchasing an additional 88,252 shares during the last quarter. Manatuck Hill Partners LLC raised its holdings in shares of Universal Technical Institute by 342.8% during the fourth quarter. Manatuck Hill Partners LLC now owns 264,800 shares of the company’s stock valued at $6,919,000 after purchasing an additional 205,000 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in Universal Technical Institute by 27.7% during the fourth quarter. Inspire Investing LLC now owns 17,838 shares of the company’s stock valued at $466,000 after purchasing an additional 3,868 shares during the period. 75.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. B. Riley Financial restated a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Barrington Research increased their price target on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Wall Street Zen upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings lowered Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, Northland Securities set a $41.00 price objective on Universal Technical Institute in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.25.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $40.29 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $2.22 billion, a PE ratio of 52.33, a price-to-earnings-growth ratio of 3.54 and a beta of 1.25. The firm’s 50 day moving average price is $38.44 and its 200-day moving average price is $33.19. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $45.74.

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

Insider Activity

In other news, Director Coliseum Capital Management, L sold 3,000,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $41.40, for a total value of $124,200,000.00. Following the completion of the sale, the director directly owned 971,440 shares in the company, valued at $40,217,616. This represents a 75.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Linda J. Srere sold 15,000 shares of Universal Technical Institute stock in a transaction on Monday, May 11th. The shares were sold at an average price of $36.59, for a total value of $548,850.00. Following the transaction, the director owned 127,564 shares in the company, valued at $4,667,566.76. This trade represents a 10.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,018,500 shares of company stock valued at $124,904,320 in the last 90 days. Company insiders own 9.80% of the company’s stock.

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.