Nuveen Asset Management LLC Has $4.93 Million Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Nuveen Asset Management LLC raised its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 103.0% in the 4th quarter, HoldingsChannel reports. The firm owned 191,760 shares of the company’s stock after buying an additional 97,314 shares during the period. Nuveen Asset Management LLC’s holdings in Universal Technical Institute were worth $4,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Covestor Ltd grew its stake in Universal Technical Institute by 24.4% in the 4th quarter. Covestor Ltd now owns 1,977 shares of the company’s stock valued at $51,000 after buying an additional 388 shares during the last quarter. Independent Advisor Alliance grew its stake in Universal Technical Institute by 4.4% in the 4th quarter. Independent Advisor Alliance now owns 12,157 shares of the company’s stock valued at $313,000 after buying an additional 507 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Universal Technical Institute by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company’s stock valued at $578,000 after buying an additional 777 shares during the last quarter. MetLife Investment Management LLC grew its stake in Universal Technical Institute by 5.7% in the 4th quarter. MetLife Investment Management LLC now owns 23,962 shares of the company’s stock valued at $616,000 after buying an additional 1,294 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Universal Technical Institute by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 26,623 shares of the company’s stock valued at $684,000 after buying an additional 2,335 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on UTI shares. Lake Street Capital reiterated a “buy” rating and issued a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Rosenblatt Securities restated a “buy” rating and set a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, May 8th. B. Riley initiated coverage on shares of Universal Technical Institute in a research report on Friday, March 28th. They set a “buy” rating and a $31.00 target price on the stock. Northland Securities increased their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Truist Financial increased their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $35.83.

Universal Technical Institute Stock Performance

Shares of NYSE:UTI opened at $35.54 on Friday. The company’s 50 day moving average price is $29.72 and its two-hundred day moving average price is $27.43. Universal Technical Institute, Inc. has a 12-month low of $13.66 and a 12-month high of $36.32. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.93 billion, a PE ratio of 36.64, a PEG ratio of 1.92 and a beta of 1.57.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. The company had revenue of $207.45 million during the quarter, compared to the consensus estimate of $196.63 million. Equities research analysts predict that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Insider Transactions at Universal Technical Institute

In related news, EVP Sherrell Smith sold 39,446 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $27.85, for a total value of $1,098,571.10. Following the completion of the transaction, the executive vice president now owns 177,912 shares of the company’s stock, valued at $4,954,849.20. This represents a 18.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George W. Brochick sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total transaction of $191,040.00. Following the completion of the transaction, the director now directly owns 32,516 shares of the company’s stock, valued at approximately $1,035,309.44. The trade was a 15.58% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,024 shares of company stock valued at $3,466,170. Company insiders own 15.10% of the company’s stock.

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.