Universal Technical Institute, Inc. (NYSE:UTI) EVP Sells $1,098,571.10 in Stock

Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith sold 39,446 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total value of $1,098,571.10. Following the completion of the sale, the executive vice president now owns 177,912 shares in the company, valued at approximately $4,954,849.20. This represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 Trading Down 4.6 %

Shares of UTI stock traded down $1.28 during mid-day trading on Friday, hitting $26.52. 1,674,377 shares of the company’s stock were exchanged, compared to its average volume of 507,446. Universal Technical Institute, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $30.56. The stock has a 50-day simple moving average of $27.20 and a two-hundred day simple moving average of $22.71. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 27.34, a PEG 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. Equities analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on UTI. Rosenblatt Securities upped their price target on Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Northland Securities upped their price target on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Truist Financial increased their target price on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Lake Street Capital increased their target price on Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Barrington Research increased their target price on Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Universal Technical Institute presently has a consensus rating of “Buy” and a consensus target price of $31.17.

Institutional Investors Weigh In On Universal Technical Institute

Several hedge funds have recently made changes to their positions in UTI. Covestor Ltd boosted its holdings in shares of Universal Technical Institute by 24.4% during the fourth quarter. Covestor Ltd now owns 1,977 shares of the company’s stock worth $51,000 after purchasing an additional 388 shares during the last quarter. Quarry LP raised its position in shares of Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after buying an additional 3,056 shares during the period. Arcadia Investment Management Corp MI purchased a new position in shares of Universal Technical Institute in the 4th quarter worth $79,000. Lazard Asset Management LLC purchased a new position in shares of Universal Technical Institute in the 4th quarter worth $101,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of Universal Technical Institute in the 4th quarter worth $118,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

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.