Universal Technical Institute Inc $UTI Position Lifted by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. boosted its stake in Universal Technical Institute Inc (NYSE:UTI) by 35.7% during the third quarter, HoldingsChannel reports. The firm owned 192,116 shares of the company’s stock after buying an additional 50,572 shares during the period. Universal Technical Institute comprises about 1.8% of Guardian Wealth Management Inc.’s portfolio, making the stock its 22nd biggest holding. Guardian Wealth Management Inc.’s holdings in Universal Technical Institute were worth $3,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp purchased a new position in Universal Technical Institute in the second quarter worth $12,135,000. Bank of America Corp DE bought a new position in Universal Technical Institute in the second quarter valued at $13,642,000. Baird Financial Group Inc. purchased a new stake in Universal Technical Institute during the second quarter valued at about $13,471,000. BlackRock Inc. purchased a new stake in Universal Technical Institute during the second quarter valued at about $323,080,000. Finally, Punch & Associates Investment Management Inc. purchased a new stake in Universal Technical Institute during the second quarter valued at about $46,879,000. 75.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UTI has been the topic of several recent research reports. Truist Financial reduced their price objective on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Northland Securities set a $35.00 target price on Universal Technical Institute in a research report on Thursday, September 10th. Texas Capital downgraded Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. Weiss Ratings lowered Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. Finally, B. Riley Financial cut their target price on Universal Technical Institute from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.33.

Universal Technical Institute Price Performance

UTI stock opened at $22.32 on Thursday. The firm’s 50-day moving average price is $20.87 and its two-hundred day moving average price is $32.15. Universal Technical Institute Inc has a 12-month low of $18.02 and a 12-month high of $51.34. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 1.98 and a beta of 1.18. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46.

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

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary technical education in the United States. Founded in 1965, the company prepares students for careers in transportation, skilled trades, energy, and other technical fields through hands-on instruction and industry-focused training.

Its programs cover automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, robotics and automation, wind energy, and industrial technology. The company operates under several specialized brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.