Sherrell Smith Sells 10,000 Shares of Universal Technical Institute, Inc. (NYSE:UTI) Stock

Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith sold 10,000 shares of Universal Technical Institute stock in a transaction on Friday, March 21st. The shares were sold at an average price of $26.95, for a total transaction of $269,500.00. Following the completion of the sale, the executive vice president now directly owns 157,663 shares of the company’s stock, valued at approximately $4,249,017.85. This trade represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sherrell Smith also recently made the following trade(s):

• On Wednesday, March 19th, Sherrell Smith sold 39,446 shares of Universal Technical Institute stock. The shares were sold at an average price of $27.85, for a total value of $1,098,571.10.
• On Monday, March 17th, Sherrell Smith sold 36,773 shares of Universal Technical Institute stock. The stock was sold at an average price of $26.68, for a total value of $981,103.64.

Universal Technical Institute Stock Performance

Shares of UTI stock opened at $26.55 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50-day moving average of $27.32 and a 200-day moving average of $23.04. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $30.56. The company has a market cap of $1.44 billion, a P/E ratio of 27.37, a P/E/G ratio of 1.92 and a beta of 1.49.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Equities research analysts forecast that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UTI shares. Lake Street Capital upped their target price on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research 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 research note on Thursday, February 6th. Northland Securities boosted their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Rosenblatt Securities raised their price target on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Universal Technical Institute presently has an average rating of “Buy” and an average price target of $31.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd increased its position in shares of Universal Technical Institute by 24.4% during the 4th quarter. Covestor Ltd now owns 1,977 shares of the company’s stock valued at $51,000 after purchasing an additional 388 shares during the last quarter. Independent Advisor Alliance grew its position in Universal Technical Institute by 4.4% during the fourth quarter. Independent Advisor Alliance now owns 12,157 shares of the company’s stock valued at $313,000 after buying an additional 507 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Universal Technical Institute by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company’s stock valued at $578,000 after buying an additional 777 shares during the period. MetLife Investment Management LLC increased its holdings in Universal Technical Institute by 5.7% during the fourth quarter. MetLife Investment Management LLC now owns 23,962 shares of the company’s stock worth $616,000 after buying an additional 1,294 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Universal Technical Institute by 9.5% in the third quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock worth $389,000 after acquiring an additional 2,083 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

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.