Universal Technical Institute, Inc. (NYSE:UTI) Director Sells $777,600.00 in Stock

Universal Technical Institute, Inc. (NYSE:UTI) Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the transaction, the director now owns 128,205 shares in the company, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Universal Technical Institute Stock Down 0.7 %

Shares of NYSE:UTI opened at $25.87 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.08. Universal Technical Institute, Inc. has a 1-year low of $10.46 and a 1-year high of $26.43. The company’s fifty day moving average is $18.30 and its two-hundred day moving average is $17.05. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 1.79 and a beta of 1.34.

Institutional Trading of Universal Technical Institute

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Universal Technical Institute by 55.0% during the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock valued at $37,872,000 after buying an additional 842,765 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Universal Technical Institute by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,004,788 shares of the company’s stock valued at $31,533,000 after purchasing an additional 36,135 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Universal Technical Institute by 9.8% during the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after purchasing an additional 85,417 shares in the last quarter. FMR LLC boosted its position in shares of Universal Technical Institute by 73,048.1% during the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock valued at $14,296,000 after purchasing an additional 878,038 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Universal Technical Institute by 3.6% during the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after purchasing an additional 29,461 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on UTI. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Rosenblatt Securities increased their price objective on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Northland Securities increased their price objective on shares of Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Lake Street Capital increased their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Truist Financial increased their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $25.33.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.