Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith Sells 36,773 Shares

Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith sold 36,773 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the sale, the executive vice president now owns 227,358 shares in the company, valued at $6,065,911.44. The trade was a 13.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $28.03 on Thursday. The company has a 50-day moving average of $27.15 and a 200-day moving average of $22.67. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. 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, Inc. has a twelve month low of $13.66 and a twelve month high of $30.56.

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

Institutional Investors Weigh In On Universal Technical Institute

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new position in Universal Technical Institute in the 3rd quarter worth about $395,000. Empowered Funds LLC boosted its holdings in shares of Universal Technical Institute by 5.3% in the third quarter. Empowered Funds LLC now owns 214,215 shares of the company’s stock worth $3,483,000 after buying an additional 10,854 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Universal Technical Institute by 65.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 100,080 shares of the company’s stock worth $1,627,000 after acquiring an additional 39,646 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Universal Technical Institute during the third quarter valued at approximately $188,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Universal Technical Institute by 198.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock valued at $5,622,000 after acquiring an additional 229,738 shares in the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on UTI shares. Barrington Research raised their target price on Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Lake Street Capital lifted their price objective on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Northland Securities increased their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Rosenblatt Securities boosted their price target on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Truist Financial increased their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus 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.