Dimensional Fund Advisors LP Acquires 63,445 Shares of Universal Technical Institute, Inc. (NYSE:UTI) (2024)

Dimensional Fund Advisors LP increased its position in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,840,356 shares of the company's stock after purchasing an additional 63,445 shares during the quarter. Dimensional Fund Advisors LP owned 5.40% of Universal Technical Institute worth $23,041,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Washington University acquired a new position in Universal Technical Institute during the fourth quarter worth $35,886,000. Pacific Ridge Capital Partners LLC increased its position in Universal Technical Institute by 6.6% during the third quarter. Pacific Ridge Capital Partners LLC now owns 627,893 shares of the company's stock worth $5,262,000 after buying an additional 38,630 shares in the last quarter. First Eagle Investment Management LLC increased its position in Universal Technical Institute by 15.0% during the third quarter. First Eagle Investment Management LLC now owns 426,391 shares of the company's stock worth $3,573,000 after buying an additional 55,608 shares in the last quarter. Victory Capital Management Inc. increased its position in Universal Technical Institute by 1.6% during the third quarter. Victory Capital Management Inc. now owns 277,720 shares of the company's stock worth $2,327,000 after buying an additional 4,503 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in Universal Technical Institute during the third quarter worth $1,557,000. 75.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 6,288 shares of the business's stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $15.22, for a total transaction of $95,703.36. Following the completion of the sale, the director now owns 13,712 shares of the company's stock, valued at $208,696.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 27.60% of the company's stock.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $15.37 on Tuesday. The company has a market cap of $826.91 million, a P/E ratio of 42.70, a P/E/G ratio of 1.48 and a beta of 1.24. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.60. Universal Technical Institute, Inc. has a 52 week low of $6.34 and a 52 week high of $17.09. The business has a fifty day simple moving average of $15.19 and a 200-day simple moving average of $14.10.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The business had revenue of $184.18 million during the quarter, compared to analysts' expectations of $177.01 million. Universal Technical Institute had a net margin of 2.97% and a return on equity of 10.55%. Equities research analysts forecast that Universal Technical Institute, Inc. will post 0.71 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on UTI. Rosenblatt Securities reissued a "buy" rating and set a $18.00 price target on shares of Universal Technical Institute in a research report on Monday, April 29th. StockNews.com downgraded Universal Technical Institute from a "buy" rating to a "hold" rating in a research report on Wednesday, May 29th. Barrington Research reissued an "outperform" rating and set a $20.00 price target on shares of Universal Technical Institute in a research report on Tuesday, May 28th. Finally, B. Riley reissued a "buy" rating and set a $22.00 price target (up previously from $20.00) on shares of Universal Technical Institute in a research report on Thursday, May 30th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.40.

View Our Latest Research Report on UTI

Universal Technical Institute Profile

(Free Report)

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.

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