Insider Selling: Universal Technical Institute, Inc. (NYSE:UTI) EVP Sells 10,000 Shares of Stock

Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith sold 10,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 157,663 shares in the company, valued at $4,249,017.85. This trade represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $26.68, for a total transaction of $981,103.64.

Universal Technical Institute Stock Down 0.1 %

Shares of UTI traded down $0.03 during mid-day trading on Tuesday, hitting $27.29. 365,852 shares of the company’s stock were exchanged, compared to its average volume of 507,977. The company has a quick ratio of 1.14, a current 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. The firm has a fifty day moving average of $27.28 and a two-hundred day moving average of $22.93. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 1.92 and a beta of 1.49.

Universal Technical Institute (NYSE:UTI) last announced its quarterly 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 return on equity of 21.25% and a net margin of 7.08%. On average, sell-side analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Northland Securities upped 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 report on Thursday, February 6th. Rosenblatt Securities upped their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Lake Street Capital lifted their target price 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. Finally, Barrington Research upped their price target on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $31.17.

Hedge Funds Weigh In On Universal Technical Institute

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Universal Technical Institute by 3.6% during the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock worth $13,920,000 after buying an additional 29,461 shares during the period. Geode Capital Management LLC boosted its holdings in Universal Technical Institute by 9.8% during the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after acquiring an additional 85,417 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Universal Technical Institute by 362.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock valued at $9,691,000 after purchasing an additional 295,408 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Universal Technical Institute by 37.4% in the fourth quarter. Rhumbline Advisers now owns 71,407 shares of the company’s stock worth $1,836,000 after purchasing an additional 19,453 shares during the period. Finally, Guardian Wealth Management Inc. boosted its stake in Universal Technical Institute by 5,347.0% during the 3rd quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock valued at $1,407,000 after purchasing an additional 84,964 shares during the period. 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.