Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith Sells 39,446 Shares

Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith sold 39,446 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total transaction of $1,098,571.10. Following the completion of the transaction, the executive vice president now directly owns 177,912 shares in the company, valued at $4,954,849.20. The trade was a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sherrell Smith also recently made the following trade(s):

• On Monday, March 17th, Sherrell Smith sold 36,773 shares of Universal Technical Institute stock. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64.

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock opened at $26.52 on Friday. Universal Technical Institute, Inc. has a 52-week low of $13.66 and a 52-week high of $30.56. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. The company has a fifty day moving average of $27.23 and a 200-day moving average of $22.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14.

Universal Technical Institute (NYSE:UTI) last announced its quarterly 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 net margin of 7.08% and a return on equity of 21.25%. Equities research analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Rosenblatt Securities increased 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 price target on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Northland Securities increased their price target on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Barrington Research upped their price objective on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Universal Technical Institute currently has an average rating of “Buy” and an average price target of $31.17.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors have recently added to or reduced their stakes in UTI. Principal Financial Group Inc. purchased a new stake in Universal Technical Institute during the 3rd quarter valued at $395,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Universal Technical Institute by 65.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 100,080 shares of the company’s stock valued at $1,627,000 after buying an additional 39,646 shares during the period. Intech Investment Management LLC purchased a new stake in Universal Technical Institute during the 3rd quarter valued at $188,000. Charles Schwab Investment Management Inc. boosted its position in Universal Technical Institute by 198.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock valued at $5,622,000 after buying an additional 229,738 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Universal Technical Institute during the 3rd quarter valued at $348,000. Hedge funds and other institutional investors 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.