Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith Sells 36,773 Shares of Stock

Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith sold 36,773 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $26.68, for a total value of $981,103.64. Following the completion of the sale, the executive vice president now owns 227,358 shares in the company, valued at $6,065,911.44. The trade was a 13.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $27.75 on Friday. The business has a 50-day simple moving average of $27.20 and a 200 day simple moving average of $22.71. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $30.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.92 and a beta of 1.49.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. On average, research analysts anticipate that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UTI. Truist Financial increased their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Lake Street Capital increased their price target on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barrington Research boosted their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Rosenblatt Securities raised their target price on Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Northland Securities lifted their target price on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $31.17.

Hedge Funds Weigh In On Universal Technical Institute

A number of hedge funds have recently added to or reduced their stakes in the stock. Arcadia Wealth Management Inc. bought a new position in shares of Universal Technical Institute in the fourth quarter valued at approximately $713,000. Pullen Investment Management LLC lifted its stake in Universal Technical Institute by 46.4% during the 4th quarter. Pullen Investment Management LLC now owns 95,410 shares of the company’s stock valued at $2,453,000 after acquiring an additional 30,250 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Universal Technical Institute by 31.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,272 shares of the company’s stock worth $1,910,000 after acquiring an additional 17,768 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Universal Technical Institute by 27.2% during the 4th quarter. Two Sigma Investments LP now owns 87,074 shares of the company’s stock worth $2,239,000 after acquiring an additional 18,625 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Universal Technical Institute in the 4th quarter worth $210,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

About Universal Technical Institute

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.