Sherrell Smith Sells 36,773 Shares of Universal Technical Institute, Inc. (NYSE:UTI) 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 value of $981,103.64. Following the sale, the executive vice president now directly owns 227,358 shares in the company, valued at $6,065,911.44. This represents a 13.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Universal Technical Institute Trading Down 0.8 %

Shares of Universal Technical Institute stock opened at $27.75 on Friday. The firm’s 50 day moving average is $27.20 and its 200 day moving average is $22.71. The firm has a market capitalization of $1.51 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. Universal Technical Institute, Inc. has a 1 year low of $13.66 and a 1 year high of $30.56. 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping 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 earnings per share for the current fiscal year.

Institutional Trading of Universal Technical Institute

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

Analyst Ratings Changes

Several research firms have recently issued reports on UTI. Lake Street Capital increased their target price on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Truist Financial increased their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities raised their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a report 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 report on Thursday, February 6th. Finally, Barrington Research lifted 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. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently 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.