Dimensional Fund Advisors LP Acquires 36,135 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Dimensional Fund Advisors LP boosted its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,004,788 shares of the company’s stock after buying an additional 36,135 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.73% of Universal Technical Institute worth $31,533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. boosted its stake in shares of Universal Technical Institute by 7,741.2% during the 2nd quarter. Federated Hermes Inc. now owns 71,355 shares of the company’s stock worth $1,122,000 after acquiring an additional 70,445 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new stake in Universal Technical Institute during the 2nd quarter valued at $1,875,000. American Century Companies Inc. boosted its position in Universal Technical Institute by 5.4% during the second quarter. American Century Companies Inc. now owns 765,562 shares of the company’s stock worth $12,042,000 after purchasing an additional 39,553 shares during the period. Pier Capital LLC increased its holdings in shares of Universal Technical Institute by 15.7% in the second quarter. Pier Capital LLC now owns 351,809 shares of the company’s stock valued at $5,534,000 after purchasing an additional 47,819 shares during the last quarter. Finally, ClariVest Asset Management LLC raised its position in shares of Universal Technical Institute by 2.7% in the second 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 period. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Down 3.1 %

NYSE UTI opened at $15.75 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. The company has a market cap of $847.51 million, a price-to-earnings ratio of 43.75, a PEG ratio of 1.52 and a beta of 1.35. The company has a 50 day moving average of $17.12 and a 200-day moving average of $15.99. Universal Technical Institute, Inc. has a 1-year low of $7.78 and a 1-year high of $19.79.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $177.46 million during the quarter, compared to analysts’ expectations of $172.33 million. Universal Technical Institute had a return on equity of 12.66% and a net margin of 3.82%. During the same period in the previous year, the firm earned ($0.05) EPS. On average, equities research analysts expect that Universal Technical Institute, Inc. will post 0.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Northland Securities upped their price target on shares of Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Barrington Research reaffirmed an “outperform” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research report on Wednesday, August 7th. Rosenblatt Securities reissued a “buy” rating and set a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, September 11th. StockNews.com upgraded Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, Truist Financial assumed coverage on Universal Technical Institute in a research report on Thursday, July 25th. They set a “buy” rating and a $22.00 price objective on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $21.60.

Insider Buying and Selling

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 27.60% of the stock is currently owned by company insiders.

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.