Universal Technical Institute, Inc. (NYSE:UTI) EVP Sells $981,103.64 in Stock

Universal Technical Institute, Inc. (NYSE:UTI) EVP Sherrell Smith sold 36,773 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the transaction, the executive vice president now owns 227,358 shares of the company’s stock, valued at $6,065,911.44. This trade represents a 13.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 shares were sold at an average price of $27.85, for a total value of $1,098,571.10.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $26.52 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $27.23 and a two-hundred day moving average price of $22.77. Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $30.56. The company has a market cap of $1.44 billion, a P/E ratio of 27.34, a PEG ratio of 1.92 and a beta of 1.49.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share 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%. As a group, analysts anticipate that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UTI shares. Lake Street Capital increased their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Barrington Research increased their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Rosenblatt Securities increased their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Northland Securities increased their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute currently has an average rating of “Buy” and an average price target of $31.17.

Hedge Funds Weigh In On Universal Technical Institute

A number of institutional investors and hedge funds have recently made changes to their positions in UTI. Covestor Ltd boosted its position in shares of Universal Technical Institute by 24.4% during the 4th quarter. Covestor Ltd now owns 1,977 shares of the company’s stock worth $51,000 after purchasing an additional 388 shares in the last quarter. Quarry LP boosted its position in shares of Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after purchasing an additional 3,056 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Universal Technical Institute during the 4th quarter worth about $79,000. Lazard Asset Management LLC bought a new position in shares of Universal Technical Institute during the 4th quarter worth about $101,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Universal Technical Institute during the 4th quarter worth about $118,000. Institutional investors 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.