Universal Technical Institute, Inc. (NYSE:UTI) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,268 shares of the company’s stock after buying an additional 7,112 shares during the quarter. Bank of New York Mellon Corp owned about 0.23% of Universal Technical Institute worth $1,908,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UTI. Hennessy Advisors Inc. acquired a new position in Universal Technical Institute in the 2nd quarter valued at $9,032,000. Register Financial Advisors LLC acquired a new position in shares of Universal Technical Institute during the 2nd quarter worth $315,000. Harbor Capital Advisors Inc. acquired a new position in shares of Universal Technical Institute during the 2nd quarter worth $675,000. Kennedy Capital Management LLC grew its stake in Universal Technical Institute by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 78,640 shares of the company’s stock valued at $1,254,000 after acquiring an additional 2,798 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Universal Technical Institute by 11.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,375 shares of the company’s stock valued at $532,000 after acquiring an additional 3,446 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Insider Buying and Selling

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total value of $1,192,040.00. Following the sale, the chief executive officer now directly owns 136,443 shares in the company, valued at $2,391,845.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 27.60% of the stock is currently owned by company insiders.

Universal Technical Institute Stock Down 0.6 %

Shares of NYSE:UTI opened at $16.63 on Wednesday. Universal Technical Institute, Inc. has a 52-week low of $7.78 and a 52-week high of $19.79. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $894.71 million, a price-to-earnings ratio of 46.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.35. The company has a 50 day moving average of $17.37 and a two-hundred day moving average of $15.88.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Universal Technical Institute had a net margin of 3.82% and a return on equity of 12.66%. The business had revenue of $177.46 million during the quarter, compared to the consensus estimate of $172.33 million. During the same quarter last year, the company earned ($0.05) earnings per share. As a group, analysts forecast that Universal Technical Institute, Inc. will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Barrington Research reiterated an “outperform” rating and set a $22.00 price objective on shares of Universal Technical Institute in a report on Wednesday, August 7th. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Truist Financial assumed coverage on shares of Universal Technical Institute in a report on Thursday, July 25th. They set a “buy” rating and a $22.00 price objective on the stock. Finally, B. Riley reiterated a “buy” rating and set a $22.00 price objective (up from $20.00) on shares of Universal Technical Institute in a report on Thursday, May 30th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $21.60.

Universal Technical Institute Company 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.