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 that occurred on Friday, March 21st. The stock was sold at an average price of $26.95, for a total value of $269,500.00. Following the transaction, the executive vice president now owns 157,663 shares in the company, valued at $4,249,017.85. This represents a 5.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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 value 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 0.1 %

UTI opened at $27.29 on Wednesday. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. The company’s 50 day simple moving average is $27.30 and its two-hundred day simple moving average is $23.01. Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $30.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. Analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. 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 report on Thursday, February 6th. Northland Securities raised their price target on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Lake Street Capital boosted their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Rosenblatt Securities raised their target price on Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $31.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UTI. Dumac Inc. purchased a new position in Universal Technical Institute during the fourth quarter worth about $43,236,000. Lord Abbett & CO. LLC grew its stake in shares of Universal Technical Institute by 194.0% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,847,423 shares of the company’s stock valued at $47,497,000 after buying an additional 1,219,052 shares during the period. FMR LLC increased its holdings in shares of Universal Technical Institute by 73,048.1% during the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock worth $14,296,000 after buying an additional 878,038 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Universal Technical Institute by 1,377.1% during the 4th quarter. Victory Capital Management Inc. now owns 518,256 shares of the company’s stock valued at $13,324,000 after buying an additional 483,170 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Universal Technical Institute in the fourth quarter valued at approximately $7,638,000. Institutional investors and hedge funds 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.