Deutsche Bank AG Takes $2.22 Million Position in Universal Technical Institute Inc $UTI

Deutsche Bank AG bought a new position in Universal Technical Institute Inc (NYSE:UTI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 51,853 shares of the company’s stock, valued at approximately $2,218,000.

Several other institutional investors also recently modified their holdings of UTI. Newbridge Financial Services Group Inc. bought a new stake in shares of Universal Technical Institute in the 2nd quarter worth $27,000. PNC Financial Services Group Inc. lifted its holdings in shares of Universal Technical Institute by 543.5% during the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $32,000 after purchasing an additional 750 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Universal Technical Institute by 187.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after purchasing an additional 943 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Universal Technical Institute during the first quarter valued at $57,000. Finally, State of Wyoming purchased a new stake in shares of Universal Technical Institute during the second quarter valued at $109,000. 75.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Universal Technical Institute

In related news, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’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 completion of the sale, the director directly owned 971,440 shares in the company, valued at approximately $40,217,616. The trade was a 75.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin Prehn sold 4,545 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total transaction of $181,800.00. Following the sale, the insider directly owned 27,025 shares of the company’s stock, valued at approximately $1,081,000. This represents a 14.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,102,545 shares of company stock worth $128,449,570 over the last quarter. Company insiders own 9.80% of the company’s stock.

Universal Technical Institute Stock Down 1.8%

Universal Technical Institute stock opened at $21.71 on Friday. Universal Technical Institute Inc has a one year low of $21.29 and a one year high of $51.34. The stock has a fifty day moving average of $36.78 and a 200 day moving average of $36.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market cap of $1.20 billion, a PE ratio of 35.02, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $218.91 million for 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%. As a group, sell-side analysts predict that Universal Technical Institute Inc will post 0.61 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Barrington Research upped their target price on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Truist Financial dropped their price target 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 reiterated a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 6th. Finally, B. Riley Financial decreased their price objective on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

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.