Verdence Capital Advisors LLC Purchases New Stake in Universal Technical Institute, Inc. (NYSE:UTI)

Verdence Capital Advisors LLC acquired a new position in shares of Universal Technical Institute, Inc. (NYSE:UTI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,244 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in shares of Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after purchasing an additional 1,564 shares during the period. BNP Paribas Financial Markets boosted 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 during the last quarter. Principal Financial Group Inc. grew its stake in shares of Universal Technical Institute by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 26,623 shares of the company’s stock valued at $684,000 after buying an additional 2,335 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Universal Technical Institute by 27.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock valued at $197,000 after buying an additional 2,596 shares during the period. Finally, Quarry LP increased its holdings in shares of Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after buying an additional 3,056 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Wall Street Analysts Forecast Growth

UTI has been the topic of a number of recent analyst reports. Northland Securities upped their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Barrington Research upped their price target on Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Truist Financial increased their price target on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Lake Street Capital boosted their price objective on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Rosenblatt Securities upped their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $31.17.

Universal Technical Institute Trading Down 0.1 %

Shares of NYSE UTI opened at $26.28 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.43 billion, a PE ratio of 27.09, a PEG ratio of 1.92 and a beta of 1.49. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $30.56. The stock has a fifty day simple moving average of $26.99 and a 200-day simple moving average of $22.05.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. On average, equities analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the transaction, the director now owns 34,917 shares of the company’s stock, valued at $963,360.03. This trade represents a 18.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 15.10% 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.