Universal Technical Institute Inc $UTI Shares Purchased by Needham Investment Management LLC

Needham Investment Management LLC increased its holdings in shares of Universal Technical Institute Inc (NYSE:UTI) by 46.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 807,500 shares of the company’s stock after acquiring an additional 257,500 shares during the quarter. Universal Technical Institute comprises 1.3% of Needham Investment Management LLC’s investment portfolio, making the stock its 23rd biggest position. Needham Investment Management LLC’s holdings in Universal Technical Institute were worth $21,100,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UTI. Newbridge Financial Services Group Inc. acquired a new position in Universal Technical Institute during the second quarter worth about $27,000. Clearstead Advisors LLC boosted its position in Universal Technical Institute by 187.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after acquiring an additional 943 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Universal Technical Institute during the first quarter worth about $57,000. SBI Securities Co. Ltd. boosted its position in Universal Technical Institute by 4,500.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock worth $142,000 after acquiring an additional 5,310 shares during the last quarter. Finally, Inceptionr LLC acquired a new position in Universal Technical Institute during the fourth quarter worth about $216,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Stock Performance

Universal Technical Institute stock opened at $36.68 on Tuesday. The firm has a 50 day simple moving average of $38.19 and a 200-day simple moving average of $32.80. Universal Technical Institute Inc has a 1-year low of $21.29 and a 1-year high of $45.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 47.64, a price-to-earnings-growth ratio of 3.43 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The business had revenue of $221.40 million during the quarter, compared to analysts’ expectations of $221.61 million. On average, analysts expect that Universal Technical Institute Inc will post 0.76 EPS for the current year.

Insider Transactions at Universal Technical Institute

In other news, Director Linda J. Srere sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $36.59, for a total value of $548,850.00. Following the transaction, the director directly owned 127,564 shares in the company, valued at approximately $4,667,566.76. This represents a 10.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Christine Kline sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the completion of the transaction, the chief accounting officer owned 43,006 shares in the company, valued at approximately $1,910,326.52. This represents a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,018,500 shares of company stock worth $124,904,320. 9.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on UTI. Barrington Research boosted their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Rosenblatt Securities boosted their price target on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a research report on Thursday, May 7th. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a research report on Thursday, April 30th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $44.25.

Universal Technical Institute Profile

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.