Universal Technical Institute (NYSE:UTI) EVP Sherrell Smith Sells 50,000 Shares

Universal Technical Institute Inc (NYSE:UTI) EVP Sherrell Smith sold 50,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $33.84, for a total transaction of $1,692,000.00. Following the transaction, the executive vice president owned 41,219 shares of the company’s stock, valued at $1,394,850.96. This represents a 54.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 2nd, Sherrell Smith sold 22,671 shares of Universal Technical Institute stock. The stock was sold at an average price of $37.10, for a total value of $841,094.10.
• On Monday, March 2nd, Sherrell Smith sold 30,000 shares of Universal Technical Institute stock. The shares were sold at an average price of $36.99, for a total transaction of $1,109,700.00.

Universal Technical Institute Price Performance

UTI stock traded down $0.08 during midday trading on Friday, reaching $34.99. The stock had a trading volume of 528,651 shares, compared to its average volume of 806,183. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $29.20 and its 200 day simple moving average is $28.55. Universal Technical Institute Inc has a 52-week low of $21.29 and a 52-week high of $38.02. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 36.07, a price-to-earnings-growth ratio of 3.10 and a beta of 1.31.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. The firm had revenue of $220.84 million during the quarter, compared to analysts’ expectations of $216.65 million. As a group, sell-side analysts predict that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UTI has been the topic of several recent research reports. Rosenblatt Securities restated a “buy” rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, February 5th. Barrington Research reiterated an “outperform” rating and set a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, February 5th. Wall Street Zen cut Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Weiss Ratings cut Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Finally, Zacks Research upgraded shares of Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

Institutional Investors Weigh In On Universal Technical Institute

A number of large investors have recently added to or reduced their stakes in the business. Coliseum Capital Management LLC grew its position in shares of Universal Technical Institute by 46.2% in the fourth quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock valued at $103,774,000 after purchasing an additional 1,255,173 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Universal Technical Institute by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,456,452 shares of the company’s stock valued at $112,508,000 after acquiring an additional 141,426 shares during the last quarter. Wasatch Advisors LP increased its position in Universal Technical Institute by 22.5% during the third quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock worth $76,851,000 after purchasing an additional 433,824 shares during the last quarter. Congress Asset Management Co. increased its holdings in shares of Universal Technical Institute by 11.2% during the 3rd quarter. Congress Asset Management Co. now owns 2,076,255 shares of the company’s stock worth $67,582,000 after buying an additional 209,476 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Universal Technical Institute by 132.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock worth $52,217,000 after acquiring an additional 1,140,465 shares during the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

Universal Technical Institute Company Profile

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.