Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith Sells 10,000 Shares

Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith sold 10,000 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $26.95, for a total transaction of $269,500.00. Following the completion of the sale, the executive vice president now owns 157,663 shares in the company, valued at $4,249,017.85. This represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, March 19th, Sherrell Smith sold 39,446 shares of Universal Technical Institute stock. The stock was sold at an average price of $27.85, for a total value of $1,098,571.10.
• On Monday, March 17th, Sherrell Smith sold 36,773 shares of Universal Technical Institute stock. The shares were sold at an average price of $26.68, for a total value of $981,103.64.

Universal Technical Institute Price Performance

UTI traded down $0.03 during trading on Tuesday, hitting $27.29. The company’s stock had a trading volume of 365,852 shares, compared to its average volume of 507,977. The firm’s 50 day moving average price is $27.28 and its two-hundred day moving average price is $22.93. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. Universal Technical Institute, Inc. has a 12 month low of $13.66 and a 12 month high of $30.56.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping 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%. 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

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

Institutional Trading of Universal Technical Institute

A number of hedge funds and other institutional investors have recently modified their holdings of UTI. Covestor Ltd boosted its position in Universal Technical Institute by 24.4% in the 4th quarter. Covestor Ltd now owns 1,977 shares of the company’s stock valued at $51,000 after buying an additional 388 shares during the last quarter. Independent Advisor Alliance boosted its holdings in Universal Technical Institute by 4.4% in the fourth quarter. Independent Advisor Alliance now owns 12,157 shares of the company’s stock valued at $313,000 after acquiring an additional 507 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Universal Technical Institute by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company’s stock worth $578,000 after purchasing an additional 777 shares during the period. MetLife Investment Management LLC raised its holdings in Universal Technical Institute by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 23,962 shares of the company’s stock worth $616,000 after purchasing an additional 1,294 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Universal Technical Institute by 9.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock valued at $389,000 after purchasing an additional 2,083 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

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.