Universal Technical Institute, Inc. (NYSE:UTI) EVP Sells $981,103.64 in Stock

Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith sold 36,773 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the sale, the executive vice president now owns 227,358 shares in the company, valued at approximately $6,065,911.44. This trade represents a 13.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Universal Technical Institute Stock Up 6.5 %

Shares of NYSE UTI traded up $1.71 during mid-day trading on Wednesday, reaching $28.03. The company had a trading volume of 645,336 shares, compared to its average volume of 501,843. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $27.09 and a two-hundred day simple moving average of $22.63. The stock has a market cap of $1.52 billion, a P/E ratio of 28.89, a PEG ratio of 1.92 and a beta of 1.49. Universal Technical Institute, Inc. has a 52-week low of $13.66 and a 52-week high of $30.56.

Universal Technical Institute (NYSE:UTI) last posted its earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Sell-side analysts predict that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Universal Technical Institute by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 2,745,668 shares of the company’s stock valued at $70,591,000 after buying an additional 44,103 shares during the last quarter. Lord Abbett & CO. LLC grew its position in Universal Technical Institute by 194.0% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,847,423 shares of the company’s stock worth $47,497,000 after purchasing an additional 1,219,052 shares during the last quarter. Dumac Inc. purchased a new position in Universal Technical Institute during the 4th quarter worth $43,236,000. Renaissance Technologies LLC grew its position in Universal Technical Institute by 0.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,188,891 shares of the company’s stock worth $30,566,000 after purchasing an additional 6,743 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its position in Universal Technical Institute by 10.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,131,759 shares of the company’s stock worth $29,098,000 after purchasing an additional 109,255 shares during the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UTI. Lake Street Capital increased their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Rosenblatt Securities increased their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Northland Securities raised their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Barrington Research raised their price objective on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Truist Financial raised their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $31.17.

Universal Technical Institute Company 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.