JPMorgan Chase & Co. Lowers Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

JPMorgan Chase & Co. trimmed its position in Universal Technical Institute, Inc. (NYSE:UTI) by 17.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,633 shares of the company’s stock after selling 23,478 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.21% of Universal Technical Institute worth $1,864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of UTI. Dimensional Fund Advisors LP raised its stake in Universal Technical Institute by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,004,788 shares of the company’s stock valued at $31,533,000 after purchasing an additional 36,135 shares in the last quarter. Geode Capital Management LLC raised its stake in Universal Technical Institute by 9.8% in the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after purchasing an additional 85,417 shares in the last quarter. FMR LLC raised its stake in Universal Technical Institute by 73,048.1% in the third quarter. FMR LLC now owns 879,240 shares of the company’s stock valued at $14,296,000 after purchasing an additional 878,038 shares in the last quarter. State Street Corp raised its stake in Universal Technical Institute by 3.6% in the third quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after purchasing an additional 29,461 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Universal Technical Institute in the third quarter valued at approximately $10,217,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Universal Technical Institute

In related 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 value of $777,600.00. Following the completion of the sale, the director now owns 128,205 shares of the company’s stock, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 15.10% of the company’s stock.

Analyst Ratings Changes

UTI has been the topic of a number of recent research reports. B. Riley increased 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. Truist Financial increased their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barrington Research increased their price target on shares of Universal Technical Institute from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Rosenblatt Securities increased their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Northland Securities increased their price target on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute presently has an average rating of “Buy” and a consensus price target of $27.17.

Universal Technical Institute Stock Up 0.6 %

Shares of Universal Technical Institute stock opened at $26.54 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08. Universal Technical Institute, Inc. has a 52-week low of $13.23 and a 52-week high of $27.29. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 35.86, a P/E/G ratio of 1.84 and a beta of 1.45. The company’s 50 day moving average price is $25.14 and its 200-day moving average price is $19.90.

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.