Insider Selling: Universal Technical Institute, Inc. (NYSE:UTI) EVP Sells $269,500.00 in Stock

Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith sold 10,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 157,663 shares of the company’s stock, valued at $4,249,017.85. This represents a 5.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $27.85, for a total transaction of $1,098,571.10.
• On Monday, March 17th, Sherrell Smith sold 36,773 shares of Universal Technical Institute stock. The shares were sold at an average price of $26.68, for a total transaction of $981,103.64.

Universal Technical Institute Trading Down 0.4 %

Shares of UTI stock opened at $26.42 on Friday. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $30.56. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.92 and a beta of 1.49. The firm has a 50-day moving average price of $27.32 and a 200 day moving average price of $23.06. 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 data on Wednesday, February 5th. The company reported $0.40 earnings per share (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%. Research analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UTI. Lake Street Capital lifted their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Northland Securities lifted their price target on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Barrington Research increased 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. Finally, 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. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute currently has a consensus rating of “Buy” and an average price target of $31.17.

Institutional Investors Weigh In On Universal Technical Institute

A number of hedge funds and other institutional investors have recently made changes to their positions in UTI. Vanguard Group Inc. boosted its stake in Universal Technical Institute by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 2,745,668 shares of the company’s stock worth $70,591,000 after buying an additional 44,103 shares during the last quarter. Lord Abbett & CO. LLC boosted its position 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 worth $47,497,000 after acquiring an additional 1,219,052 shares during the last quarter. Dumac Inc. purchased a new stake in Universal Technical Institute in the fourth quarter valued at approximately $43,236,000. Renaissance Technologies LLC increased its position in Universal Technical Institute by 0.6% during the fourth 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. raised its stake in Universal Technical Institute by 10.7% during the fourth 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 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.