Charles Schwab Investment Management Inc. Increases Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

Charles Schwab Investment Management Inc. boosted its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350,630 shares of the company’s stock after purchasing an additional 4,858 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.64% of Universal Technical Institute worth $9,015,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of UTI. FMR LLC lifted its stake in 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 purchased a new stake in shares of Universal Technical Institute during the 3rd quarter valued at about $10,217,000. Harbor Capital Advisors Inc. raised its position in shares of Universal Technical Institute by 362.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock valued at $9,691,000 after buying an additional 295,408 shares in the last quarter. Pier Capital LLC raised its position in shares of Universal Technical Institute by 57.3% during the 3rd quarter. Pier Capital LLC now owns 553,382 shares of the company’s stock valued at $8,998,000 after buying an additional 201,573 shares in the last quarter. Finally, Pembroke Management LTD raised its position in shares of Universal Technical Institute by 22.6% during the 4th quarter. Pembroke Management LTD now owns 503,007 shares of the company’s stock valued at $12,932,000 after buying an additional 92,844 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Insiders Place Their Bets

In other Universal Technical Institute news, EVP Sherrell Smith sold 36,773 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.68, for a total value of $981,103.64. Following the transaction, the executive vice president now directly owns 227,358 shares in the company, valued at $6,065,911.44. This represents a 13.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George W. Brochick sold 8,000 shares of the company’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 transaction, the director now owns 34,917 shares in the company, valued at $963,360.03. This represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,219 shares of company stock worth $2,300,395 in the last three months. Corporate insiders own 15.10% of the company’s stock.

Analyst Ratings Changes

UTI has been the topic of several recent research reports. Barrington Research upped their target price on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Lake Street Capital upped their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Rosenblatt Securities upped their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Northland Securities upped their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $31.17.

Universal Technical Institute Stock Performance

Shares of NYSE:UTI opened at $26.52 on Friday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.92 and a beta of 1.49. Universal Technical Institute, Inc. has a 12 month low of $13.66 and a 12 month high of $30.56. The firm’s 50-day moving average is $27.23 and its 200 day moving average is $22.81. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Research analysts predict that Universal Technical Institute, Inc. will post 1 EPS for the current year.

About Universal Technical Institute

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.