Guardian Wealth Management Inc. Increases Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Guardian Wealth Management Inc. increased its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 5,347.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,553 shares of the company’s stock after acquiring an additional 84,964 shares during the quarter. Guardian Wealth Management Inc. owned approximately 0.16% of Universal Technical Institute worth $1,407,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Covestor Ltd raised its position in shares of Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after purchasing an additional 1,564 shares during the last quarter. Pullen Investment Management LLC boosted its stake in shares of Universal Technical Institute by 2.9% in the second quarter. Pullen Investment Management LLC now owns 56,420 shares of the company’s stock worth $887,000 after acquiring an additional 1,600 shares during the last quarter. ClariVest Asset Management LLC raised its stake in Universal Technical Institute by 2.7% in the 2nd quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock valued at $1,215,000 after purchasing an additional 2,060 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Universal Technical Institute by 9.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock valued at $389,000 after purchasing an additional 2,083 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Universal Technical Institute by 27.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock worth $197,000 after purchasing an additional 2,596 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UTI. Northland Securities raised their price target on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Lake Street Capital increased their price target on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Truist Financial boosted their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities raised their target price on Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, B. Riley boosted their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute currently has an average rating of “Buy” and an average price target of $25.33.

Universal Technical Institute Stock Up 0.7 %

Shares of NYSE:UTI opened at $25.62 on Monday. The business has a 50-day moving average price of $19.21 and a 200 day moving average price of $17.43. Universal Technical Institute, Inc. has a 12-month low of $10.46 and a 12-month high of $26.64. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 1.77 and a beta of 1.48.

Insider Buying and Selling at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the transaction, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.