Universal Technical Institute (NYSE:UTI) COO Todd Hitchcock Sells 16,500 Shares

Universal Technical Institute Inc (NYSE:UTI) COO Todd Hitchcock sold 16,500 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $37.33, for a total transaction of $615,945.00. Following the sale, the chief operating officer directly owned 104,084 shares of the company’s stock, valued at $3,885,455.72. This represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Universal Technical Institute Stock Down 0.2%

Shares of NYSE UTI opened at $34.99 on Friday. The company has a market capitalization of $1.93 billion, a P/E ratio of 36.07, a price-to-earnings-growth ratio of 3.04 and a beta of 1.31. Universal Technical Institute Inc has a 52-week low of $21.29 and a 52-week high of $38.02. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 1.14. The company’s 50 day moving average price is $29.36 and its 200-day moving average price is $28.61.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $220.84 million during the quarter, compared to the consensus estimate of $216.65 million. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. Equities analysts forecast that Universal Technical Institute Inc will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UTI has been the topic of several research analyst reports. Weiss Ratings lowered Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Zacks Research upgraded Universal Technical Institute from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, February 5th. Finally, 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. One investment 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. According to data from MarketBeat, Universal Technical Institute has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

Institutional Investors Weigh In On Universal Technical Institute

A number of hedge funds have recently added to or reduced their stakes in UTI. Coliseum Capital Management LLC lifted its holdings in shares of Universal Technical Institute by 46.2% in the 4th quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock worth $103,774,000 after purchasing an additional 1,255,173 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings 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 buying an additional 1,140,465 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Universal Technical Institute by 65.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company’s stock worth $41,797,000 after buying an additional 631,070 shares during the last quarter. Nuveen LLC lifted its stake in shares of Universal Technical Institute by 168.8% in the fourth quarter. Nuveen LLC now owns 995,323 shares of the company’s stock valued at $26,008,000 after buying an additional 625,102 shares in the last quarter. Finally, Baillie Gifford & Co. bought a new position in shares of Universal Technical Institute in the third quarter valued at $18,901,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

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.