24,288 Shares in Universal Technical Institute, Inc. (NYSE:UTI) Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. bought a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,288 shares of the company’s stock, valued at approximately $395,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Universal Technical Institute by 55.0% in the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock valued at $37,872,000 after acquiring an additional 842,765 shares during the last quarter. American International Group Inc. lifted its stake in Universal Technical Institute by 19.6% during the first quarter. American International Group Inc. now owns 19,494 shares of the company’s stock valued at $311,000 after purchasing an additional 3,194 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Universal Technical Institute during the first quarter worth approximately $181,000. Price T Rowe Associates Inc. MD boosted its holdings in Universal Technical Institute by 11.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 33,375 shares of the company’s stock worth $532,000 after buying an additional 3,446 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its position in Universal Technical Institute by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 78,640 shares of the company’s stock worth $1,254,000 after buying an additional 2,798 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analyst Ratings Changes

UTI has been the subject of a number of analyst reports. Barrington Research upped their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday. B. Riley upped 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. Northland Securities lifted their price objective on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday. Lake Street Capital increased their target price on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday. Finally, Truist Financial raised their target price on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $24.00.

Universal Technical Institute Stock Up 7.5 %

Shares of NYSE UTI opened at $25.38 on Monday. Universal Technical Institute, Inc. has a 52-week low of $10.46 and a 52-week high of $25.60. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.08. The stock has a market cap of $1.37 billion, a P/E ratio of 34.30, a P/E/G ratio of 1.76 and a beta of 1.34. The firm has a 50 day moving average price of $17.37 and a 200 day moving average price of $16.68.

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.