Insider Selling: Universal Technical Institute, Inc. (NYSE:UTI) Director Sells $220,720.00 in Stock

Universal Technical Institute, Inc. (NYSE:UTI) Director George W. Brochick sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the transaction, the director now directly owns 34,917 shares of the company’s stock, valued at approximately $963,360.03. The trade was a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $28.24 on Friday. The company has a market cap of $1.54 billion, a P/E ratio of 29.11, a P/E/G ratio of 1.92 and a beta of 1.45. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $30.56. The company’s 50-day moving average price is $26.92 and its 200-day moving average price is $21.81. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data 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%. On average, sell-side analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Universal Technical Institute

A number of institutional investors have recently added to or reduced their stakes in UTI. Dumac Inc. acquired a new stake in shares of Universal Technical Institute in the 4th quarter worth $43,236,000. Lord Abbett & CO. LLC grew its holdings in shares of Universal Technical Institute by 194.0% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,847,423 shares of the company’s stock valued at $47,497,000 after purchasing an additional 1,219,052 shares during the period. FMR LLC increased its position in Universal Technical Institute by 73,048.1% during the third quarter. FMR LLC now owns 879,240 shares of the company’s stock worth $14,296,000 after purchasing an additional 878,038 shares during the last quarter. Victory Capital Management Inc. raised its stake in Universal Technical Institute by 1,377.1% during the fourth quarter. Victory Capital Management Inc. now owns 518,256 shares of the company’s stock worth $13,324,000 after purchasing an additional 483,170 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Universal Technical Institute in the 4th quarter valued at about $7,638,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Analysts Set New Price Targets

UTI has been the subject of several recent analyst reports. Truist Financial boosted their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Lake Street Capital boosted their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Northland Securities upped their price target 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. Rosenblatt Securities lifted their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, B. Riley increased their target price on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Universal Technical Institute has an average rating of “Buy” and an average price target 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.