State Street Corp Acquires 29,461 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

State Street Corp raised its position in Universal Technical Institute, Inc. (NYSE:UTI) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 856,091 shares of the company’s stock after purchasing an additional 29,461 shares during the period. State Street Corp owned approximately 1.59% of Universal Technical Institute worth $13,920,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Quarry LP raised its stake in shares of Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after purchasing an additional 3,056 shares during the period. Morse Asset Management Inc bought a new position in shares of Universal Technical Institute during the third quarter worth about $152,000. Needham Investment Management LLC grew its holdings in shares of Universal Technical Institute by 3.4% during the third quarter. Needham Investment Management LLC now owns 300,000 shares of the company’s stock worth $4,878,000 after buying an additional 10,000 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Universal Technical Institute in the 3rd quarter valued at approximately $298,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Universal Technical Institute by 27.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock valued at $197,000 after acquiring an additional 2,596 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UTI. B. Riley raised their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barrington Research lifted their target price on Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Rosenblatt Securities upped their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Lake Street Capital lifted their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Northland Securities raised their target price on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $26.33.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were 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. The trade was a 18.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 27.60% of the stock is currently owned by corporate insiders.

Universal Technical Institute Stock Performance

Shares of UTI stock opened at $26.29 on Wednesday. Universal Technical Institute, Inc. has a 52 week low of $12.12 and a 52 week high of $26.71. The company has a 50-day simple moving average of $21.63 and a 200 day simple moving average of $18.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 1.78 and a beta of 1.48.

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.