Teacher Retirement System of Texas Has $469,000 Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Teacher Retirement System of Texas raised its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 35.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,233 shares of the company’s stock after purchasing an additional 4,796 shares during the period. Teacher Retirement System of Texas’ holdings in Universal Technical Institute were worth $469,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Quarry LP boosted its holdings in shares of Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after buying an additional 3,056 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Universal Technical Institute in the fourth quarter valued at approximately $79,000. Morse Asset Management Inc bought a new position in shares of Universal Technical Institute during the third quarter worth approximately $152,000. Y Intercept Hong Kong Ltd acquired a new stake in Universal Technical Institute during the 3rd quarter worth approximately $174,000. Finally, Intech Investment Management LLC acquired a new stake in Universal Technical Institute during the 3rd quarter worth approximately $188,000. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $25.65 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.39 billion, a PE ratio of 26.44, a PEG ratio of 1.92 and a beta of 1.49. The firm has a 50 day moving average of $27.28 and a 200-day moving average of $23.28. Universal Technical Institute, Inc. has a 12 month low of $13.66 and a 12 month high of $30.56.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. On average, equities research analysts predict that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Insider Buying and Selling at Universal Technical Institute

In related news, Director George W. Brochick sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the transaction, the director now owns 34,917 shares of the company’s stock, valued at $963,360.03. This represents a 18.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sherrell Smith sold 39,446 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total transaction of $1,098,571.10. Following the sale, the executive vice president now directly owns 177,912 shares in the company, valued at approximately $4,954,849.20. The trade was a 18.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,219 shares of company stock worth $2,569,895 over the last 90 days. Insiders own 15.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Lake Street Capital increased their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Barrington Research raised their price target on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Northland Securities boosted their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. B. Riley assumed coverage on shares of Universal Technical Institute in a report on Friday. They set a “buy” rating and a $31.00 target price on the stock. Finally, Rosenblatt Securities boosted their price target on Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Universal Technical Institute has an average rating of “Buy” and a consensus price target of $32.17.

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.