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

Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith sold 36,773 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.68, for a total value of $981,103.64. Following the sale, the executive vice president now owns 227,358 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this link.

Universal Technical Institute Stock Up 6.5 %

Universal Technical Institute stock opened at $28.03 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $30.56. The firm’s fifty day simple moving average is $27.15 and its 200-day simple moving average is $22.67. The company has a market capitalization of $1.52 billion, a P/E ratio of 28.89, a P/E/G ratio of 1.92 and a beta of 1.49.

Universal Technical Institute (NYSE:UTI) last posted its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. Sell-side analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Universal Technical Institute

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

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.