Legal & General Group Plc Purchases Shares of 123,915 Universal Technical Institute Inc $UTI

Legal & General Group Plc acquired a new position in shares of Universal Technical Institute Inc (NYSE:UTI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 123,915 shares of the company’s stock, valued at approximately $5,300,000. Legal & General Group Plc owned approximately 0.23% of Universal Technical Institute at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UTI. The Manufacturers Life Insurance Company bought a new stake in Universal Technical Institute during the 2nd quarter worth approximately $1,144,000. Whalen Wealth Management Inc. bought a new stake in shares of Universal Technical Institute during the second quarter worth $441,000. Polymer Capital Management HK LTD acquired a new stake in shares of Universal Technical Institute in the second quarter valued at $2,566,000. Elevation Point Wealth Partners LLC bought a new position in shares of Universal Technical Institute in the second quarter valued at about $383,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in shares of Universal Technical Institute in the second quarter valued at about $1,033,000. Institutional investors own 75.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on UTI shares. Truist Financial cut their price objective on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 6th. Weiss Ratings raised Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Northland Securities set a $41.00 target price on Universal Technical Institute in a report on Thursday, May 7th. Finally, B. Riley Financial lowered their price target on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Insider Buying and Selling

In other Universal Technical Institute news, Director Coliseum Capital Management, L sold 3,000,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the sale, the director directly owned 971,440 shares in the company, valued at approximately $40,217,616. This trade represents a 75.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jerome Grant sold 94,500 shares of Universal Technical Institute stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the completion of the transaction, the chief executive officer directly owned 335,715 shares in the company, valued at approximately $13,898,601. The trade was a 21.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,099,045 shares of company stock valued at $128,294,100. 9.80% of the stock is owned by corporate insiders.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $21.59 on Friday. The company has a market capitalization of $1.19 billion, a PE ratio of 34.82, a PEG ratio of 2.30 and a beta of 1.17. Universal Technical Institute Inc has a 12 month low of $20.33 and a 12 month high of $51.34. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $34.91 and its 200 day simple moving average is $36.46.

Universal Technical Institute (NYSE:UTI) last posted its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $218.91 million during the quarter, compared to analysts’ expectations of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. On average, research analysts predict that Universal Technical Institute Inc will post 0.61 EPS for the current year.

About Universal Technical Institute

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.