Universal Technical Institute (NYSE:UTI) CEO Sells 94,500 Shares of Stock

Universal Technical Institute Inc (NYSE:UTI) CEO Jerome Alan Grant sold 94,500 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $41.40, for a total value of $3,912,300.00. Following the completion of the transaction, the chief executive officer directly owned 335,715 shares in the company, valued at approximately $13,898,601. This represents a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Universal Technical Institute Price Performance

Shares of NYSE:UTI traded up $1.48 during midday trading on Tuesday, reaching $42.83. 556,074 shares of the company were exchanged, compared to its average volume of 1,126,748. The stock has a market cap of $2.36 billion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 3.63 and a beta of 1.25. The business’s fifty day moving average is $39.09 and its two-hundred day moving average is $34.04. Universal Technical Institute Inc has a one year low of $21.29 and a one year high of $45.74. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. The business had revenue of $221.40 million for the quarter, compared to analysts’ expectations of $221.61 million. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. As a group, analysts predict that Universal Technical Institute Inc will post 0.76 earnings per share for the current year.

Institutional Investors Weigh In On Universal Technical Institute

Several large investors have recently added to or reduced their stakes in UTI. Royal Bank of Canada increased its position in shares of Universal Technical Institute by 47.6% during the first quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock worth $1,144,000 after acquiring an additional 14,364 shares during the period. AQR Capital Management LLC bought a new position in Universal Technical Institute in the first quarter worth approximately $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Universal Technical Institute by 23.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock worth $711,000 after purchasing an additional 5,216 shares during the period. NewEdge Advisors LLC bought a new stake in Universal Technical Institute during the 1st quarter valued at $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Universal Technical Institute by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock valued at $2,163,000 after purchasing an additional 9,951 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on UTI shares. Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a research report on Thursday, May 7th. Griffin Securities set a $49.00 target price on shares of Universal Technical Institute in a research report on Thursday, April 30th. Weiss Ratings raised shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Finally, Barrington Research lifted their price target on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.80.

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.