Robeco Institutional Asset Management B.V. Buys New Position in Universal Technical Institute Inc $UTI

Robeco Institutional Asset Management B.V. bought a new stake in Universal Technical Institute Inc (NYSE:UTI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 57,109 shares of the company’s stock, valued at approximately $1,935,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Congress Asset Management Co. bought a new position in Universal Technical Institute in the 2nd quarter valued at about $63,265,000. Dakota Wealth Management grew its position in Universal Technical Institute by 10.1% in the 2nd quarter. Dakota Wealth Management now owns 43,466 shares of the company’s stock valued at $1,473,000 after buying an additional 3,972 shares in the last quarter. Annex Advisory Services LLC grew its position in Universal Technical Institute by 48.6% in the 2nd quarter. Annex Advisory Services LLC now owns 66,435 shares of the company’s stock valued at $2,251,000 after buying an additional 21,741 shares in the last quarter. AFG Fiduciary Services Limited Partnership bought a new position in shares of Universal Technical Institute during the 2nd quarter valued at about $212,000. Finally, Westwind Capital bought a new position in shares of Universal Technical Institute during the 2nd quarter valued at about $10,424,000. Institutional investors own 75.67% of the company’s stock.

Wall Street Analyst Weigh In

UTI has been the subject of several research reports. Barrington Research restated an “outperform” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Monday, September 29th. Weiss Ratings restated a “buy (b)” rating on shares of Universal Technical Institute in a research report on Saturday, September 27th. Wall Street Zen lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $35.83.

Universal Technical Institute Price Performance

NYSE UTI opened at $30.07 on Wednesday. The company has a 50 day simple moving average of $28.56 and a 200-day simple moving average of $30.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.18 and a beta of 1.58. Universal Technical Institute Inc has a 52-week low of $15.18 and a 52-week high of $36.32.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $204.30 million during the quarter, compared to analyst estimates of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. Equities research analysts predict that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.

Universal Technical Institute Profile

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.