Dimensional Fund Advisors LP Buys 36,135 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Dimensional Fund Advisors LP grew its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 1.8% during the second quarter, HoldingsChannel reports. The firm owned 2,004,788 shares of the company’s stock after buying an additional 36,135 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Universal Technical Institute were worth $31,533,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. RiverPark Advisors LLC bought a new position in Universal Technical Institute in the 2nd quarter valued at approximately $43,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Universal Technical Institute by 95,120.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after acquiring an additional 9,512 shares during the last quarter. EntryPoint Capital LLC lifted its stake in shares of Universal Technical Institute by 54.2% in the 1st quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock valued at $165,000 after acquiring an additional 3,643 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Universal Technical Institute during the 1st quarter valued at $181,000. Finally, Cornerstone Investment Partners LLC bought a new stake in Universal Technical Institute during the 1st quarter worth $183,000. 75.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UTI has been the subject of several research reports. Northland Securities increased their target price on Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Barrington Research reiterated an “outperform” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a report on Wednesday, August 7th. Rosenblatt Securities reissued a “buy” rating and set a $22.00 target price on shares of Universal Technical Institute in a report on Wednesday, September 11th. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, Truist Financial assumed coverage on shares of Universal Technical Institute in a report on Thursday, July 25th. They set a “buy” rating and a $22.00 price target on the stock. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $21.60.

Insiders Place Their Bets

In other news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $17.53, for a total value of $1,192,040.00. Following the completion of the transaction, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 27.60% of the company’s stock.

Universal Technical Institute Stock Performance

Shares of UTI stock opened at $15.75 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. Universal Technical Institute, Inc. has a one year low of $7.78 and a one year high of $19.79. The business’s 50 day simple moving average is $17.12 and its 200 day simple moving average is $15.99. The stock has a market capitalization of $847.51 million, a PE ratio of 43.75, a PEG ratio of 1.52 and a beta of 1.35.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Universal Technical Institute had a net margin of 3.82% and a return on equity of 12.66%. The company had revenue of $177.46 million for the quarter, compared to analyst estimates of $172.33 million. During the same period in the prior year, the firm posted ($0.05) EPS. As a group, research analysts forecast that Universal Technical Institute, Inc. will post 0.71 earnings per share for the current year.

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.