Universal Technical Institute (NYSE:UTI) Director George Brochick Sells 5,000 Shares

Universal Technical Institute Inc (NYSE:UTI) Director George Brochick sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $36.59, for a total transaction of $182,950.00. Following the transaction, the director owned 27,516 shares of the company’s stock, valued at approximately $1,006,810.44. This trade represents a 15.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Universal Technical Institute Stock Performance

Shares of UTI opened at $36.00 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s 50 day moving average is $30.79 and its 200-day moving average is $29.13. Universal Technical Institute Inc has a 12-month low of $21.29 and a 12-month high of $38.02. The stock has a market capitalization of $1.98 billion, a P/E ratio of 37.12, a P/E/G ratio of 3.24 and a beta of 1.31.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UTI shares. Zacks Research upgraded Universal Technical Institute from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, February 5th. Weiss Ratings cut Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Wall Street Zen upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $36.20.

Institutional Trading of Universal Technical Institute

A number of hedge funds have recently made changes to their positions in UTI. Coliseum Capital Management LLC grew its position in Universal Technical Institute by 46.2% during 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 in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Universal Technical Institute by 132.9% in 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. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 acquiring an additional 631,070 shares in the last quarter. Nuveen LLC raised its holdings in shares of Universal Technical Institute by 168.8% during the fourth quarter. Nuveen LLC now owns 995,323 shares of the company’s stock worth $26,008,000 after acquiring an additional 625,102 shares in the last quarter. Finally, Baillie Gifford & Co. acquired a new stake in Universal Technical Institute during the third quarter valued at $18,901,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

About Universal Technical Institute

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.