New York State Common Retirement Fund Acquires 14,517 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

New York State Common Retirement Fund grew its holdings in Universal Technical Institute, Inc. (NYSE:UTI) by 19.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,222 shares of the company’s stock after purchasing an additional 14,517 shares during the period. New York State Common Retirement Fund owned about 0.16% of Universal Technical Institute worth $2,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of UTI. FMR LLC increased its holdings in shares of Universal Technical Institute by 73,048.1% in the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock worth $14,296,000 after purchasing an additional 878,038 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Universal Technical Institute in the 3rd quarter worth $10,217,000. Harbor Capital Advisors Inc. increased its holdings in shares of Universal Technical Institute by 362.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock worth $9,691,000 after purchasing an additional 295,408 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Universal Technical Institute by 198.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock worth $5,622,000 after purchasing an additional 229,738 shares in the last quarter. Finally, Pier Capital LLC increased its holdings in shares of Universal Technical Institute by 57.3% in the 3rd quarter. Pier Capital LLC now owns 553,382 shares of the company’s stock worth $8,998,000 after purchasing an additional 201,573 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total transaction of $220,720.00. Following the completion of the sale, the director now owns 34,917 shares of the company’s stock, valued at approximately $963,360.03. The trade was a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 15.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Rosenblatt Securities lifted their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. B. Riley lifted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Lake Street Capital lifted their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Northland Securities lifted their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Truist Financial lifted their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $31.17.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $28.24 on Friday. The stock has a 50-day simple moving average of $26.92 and a two-hundred day simple moving average of $21.81. Universal Technical Institute, Inc. has a 52-week low of $13.66 and a 52-week high of $30.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $1.54 billion, a PE ratio of 29.11, a P/E/G ratio of 1.92 and a beta of 1.45.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) 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%. Analysts forecast that Universal Technical Institute, Inc. will post 1 EPS for the current year.

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.