Charles Schwab Investment Management Inc. Boosts Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Charles Schwab Investment Management Inc. boosted its position in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 1.4% in the fourth quarter, HoldingsChannel reports. The fund owned 350,630 shares of the company’s stock after purchasing an additional 4,858 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Universal Technical Institute were worth $9,015,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UTI. Quarry LP lifted its position in Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after acquiring an additional 3,056 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Universal Technical Institute during the fourth quarter valued at approximately $79,000. Morse Asset Management Inc purchased a new stake in Universal Technical Institute during the third quarter valued at approximately $152,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Universal Technical Institute in the third quarter worth $174,000. Finally, Intech Investment Management LLC purchased a new position in shares of Universal Technical Institute in the third quarter worth $188,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UTI shares. Lake Street Capital raised their price target on shares of 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 raised their price target on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a 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 report on Thursday, February 6th. Finally, Rosenblatt Securities raised their price target on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Universal Technical Institute presently has an average rating of “Buy” and a consensus price target of $31.17.

Universal Technical Institute Stock Down 4.6 %

NYSE:UTI opened at $26.52 on Friday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 27.34, a PEG ratio of 1.92 and a beta of 1.49. Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $30.56. The company’s fifty day moving average price is $27.23 and its 200-day moving average price is $22.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share 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%. As a group, equities research analysts anticipate that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Insider Transactions at Universal Technical Institute

In related news, EVP Sherrell Smith sold 39,446 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were 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 owns 177,912 shares in the company, valued at approximately $4,954,849.20. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George W. Brochick sold 8,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total transaction of $220,720.00. Following the sale, the director now owns 34,917 shares in the company, valued at approximately $963,360.03. This represents a 18.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,219 shares of company stock worth $2,300,395 over the last 90 days. 15.10% of the stock is currently owned by company insiders.

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.