Universal Technical Institute (NYSE:UTI) Announces Earnings Results

Universal Technical Institute (NYSE:UTI) issued its earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02, FiscalAI reports. The firm had revenue of $218.91 million for the quarter, compared to analyst estimates of $220.40 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%.

Universal Technical Institute Price Performance

Shares of UTI traded up $0.22 during trading hours on Wednesday, reaching $42.45. 969,391 shares of the company’s stock traded hands, compared to its average volume of 900,394. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. Universal Technical Institute has a 12 month low of $21.29 and a 12 month high of $51.34. The stock has a market cap of $2.34 billion, a PE ratio of 55.13, a price-to-earnings-growth ratio of 3.62 and a beta of 1.25. The firm’s 50 day simple moving average is $41.78 and its 200-day simple moving average is $36.92.

Analyst Ratings Changes

Several research firms have commented on UTI. Truist Financial upped their price objective on shares of Universal Technical Institute from $40.00 to $47.00 and gave the company a “buy” rating in a report on Monday, June 29th. Barrington Research lifted their price objective on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” 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. Weiss Ratings raised Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Finally, Griffin Securities set a $49.00 price objective on Universal Technical Institute in a report on Thursday, April 30th. Four equities research 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

Insider Activity

In other Universal Technical Institute news, Director Linda J. Srere sold 15,000 shares of Universal Technical Institute stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $36.59, for a total transaction of $548,850.00. Following the completion of the sale, the director owned 127,564 shares of the company’s stock, valued at $4,667,566.76. The trade was a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $41.40, for a total value of $124,200,000.00. Following the completion of the transaction, the director owned 971,440 shares of the company’s stock, valued at $40,217,616. The trade was a 75.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,117,545 shares of company stock worth $128,998,420. Corporate insiders own 9.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in Universal Technical Institute in the fourth quarter worth $904,000. Uniplan Investment Counsel Inc. boosted its position in shares of Universal Technical Institute by 2.2% during the fourth quarter. Uniplan Investment Counsel Inc. now owns 204,594 shares of the company’s stock valued at $4,968,000 after purchasing an additional 4,452 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Universal Technical Institute by 12.3% during the 4th quarter. Wellington Management Group LLP now owns 807,756 shares of the company’s stock valued at $21,107,000 after buying an additional 88,252 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Universal Technical Institute by 27.7% during the 4th quarter. Inspire Investing LLC now owns 17,838 shares of the company’s stock valued at $466,000 after buying an additional 3,868 shares in the last quarter. Finally, Coliseum Capital Management LLC grew its position 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 buying an additional 1,255,173 shares during the period. 75.67% of the stock is currently owned by institutional investors.

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.