Kevin Prehn Sells 4,545 Shares of Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute Inc (NYSE:UTI) insider Kevin Prehn sold 4,545 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $40.00, for a total value of $181,800.00. Following the transaction, the insider directly owned 27,025 shares of the company’s stock, valued at approximately $1,081,000. This represents a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Universal Technical Institute Stock Down 0.9%

Shares of NYSE UTI traded down $0.36 during midday trading on Wednesday, hitting $39.39. 582,405 shares of the company’s stock were exchanged, compared to its average volume of 1,183,260. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.17. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $45.74. The company has a market cap of $2.17 billion, a PE ratio of 51.16, a P/E/G ratio of 3.49 and a beta of 1.25. The firm’s fifty day simple moving average is $38.70 and its 200-day simple moving average is $33.57.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $221.40 million during the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. Research analysts predict that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Institutional Trading of Universal Technical Institute

Large investors have recently bought and sold shares of the business. Chatham Capital Group Inc. boosted its stake in shares of Universal Technical Institute by 73.3% during the fourth quarter. Chatham Capital Group Inc. now owns 68,512 shares of the company’s stock worth $1,790,000 after buying an additional 28,972 shares during the period. UBS Group AG increased its position in Universal Technical Institute by 89.0% in the 4th quarter. UBS Group AG now owns 231,717 shares of the company’s stock valued at $6,055,000 after acquiring an additional 109,100 shares during the period. Thrivent Financial for Lutherans raised its stake in Universal Technical Institute by 132.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock valued at $52,217,000 after acquiring an additional 1,140,465 shares during the last quarter. Granahan Investment Management LLC raised its stake in Universal Technical Institute by 107.7% during the 3rd quarter. Granahan Investment Management LLC now owns 124,246 shares of the company’s stock valued at $4,044,000 after acquiring an additional 64,421 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Universal Technical Institute by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,456,452 shares of the company’s stock worth $112,508,000 after acquiring an additional 141,426 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Rosenblatt Securities lifted their price target on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Northland Securities set a $41.00 target price on Universal Technical Institute in a research report on Thursday, May 7th. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Barrington Research upped their target price on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Griffin Securities set a $49.00 price target on Universal Technical Institute in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.25.

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.