Weil Company Inc. Sells 33,273 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Weil Company Inc. cut its holdings in Universal Technical Institute, Inc. (NYSE:UTI) by 51.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,713 shares of the company’s stock after selling 33,273 shares during the period. Weil Company Inc. owned about 0.06% of Universal Technical Institute worth $499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in Universal Technical Institute by 341.1% in the first quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company’s stock worth $5,329,000 after purchasing an additional 258,532 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Universal Technical Institute during the second quarter valued at about $675,000. Acadian Asset Management LLC grew its position in Universal Technical Institute by 2,058.7% during the first quarter. Acadian Asset Management LLC now owns 298,849 shares of the company’s stock valued at $4,763,000 after buying an additional 285,005 shares during the period. Rothschild Investment LLC purchased a new stake in Universal Technical Institute during the second quarter worth about $917,000. Finally, First Eagle Investment Management LLC raised its position in Universal Technical Institute by 2.6% in the fourth quarter. First Eagle Investment Management LLC now owns 437,677 shares of the company’s stock worth $5,480,000 after acquiring an additional 11,286 shares during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Price Performance

Universal Technical Institute stock opened at $15.83 on Friday. 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 firm has a market capitalization of $851.67 million, a P/E ratio of 43.97, a PEG ratio of 1.59 and a beta of 1.35. The business has a fifty day moving average price of $17.35 and a 200-day moving average price of $15.80.

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

Insider Buying and Selling

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 27.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $22.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 22nd. Truist Financial started coverage on Universal Technical Institute in a research note on Thursday, July 25th. They issued a “buy” rating and a $22.00 target price on the stock. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Barrington Research reissued an “outperform” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a report on Wednesday, August 7th. Finally, Northland Securities upped their price objective on shares of Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.60.

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.