Universal Technical Institute, Inc. (NYSE:UTI) Director Sells $220,720.00 in Stock

Universal Technical Institute, Inc. (NYSE:UTI) Director George W. Brochick sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the sale, the director now directly owns 34,917 shares in the company, valued at $963,360.03. This trade represents a 18.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Universal Technical Institute Trading Down 3.0 %

Shares of UTI stock traded down $0.85 during mid-day trading on Thursday, hitting $27.80. 1,271,056 shares of the company’s stock were exchanged, compared to its average volume of 652,799. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.92 and a beta of 1.45. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. Universal Technical Institute, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $30.56. The stock has a 50-day simple moving average of $26.81 and a two-hundred day simple moving average of $21.65.

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 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%. Equities analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Hedge Funds Weigh In On Universal Technical Institute

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Universal Technical Institute by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 2,745,668 shares of the company’s stock worth $70,591,000 after buying an additional 44,103 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Universal Technical Institute by 194.0% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,847,423 shares of the company’s stock worth $47,497,000 after purchasing an additional 1,219,052 shares during the period. Dumac Inc. acquired a new position in shares of Universal Technical Institute in the 4th quarter valued at about $43,236,000. Renaissance Technologies LLC grew its holdings in shares of Universal Technical Institute by 0.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,188,891 shares of the company’s stock worth $30,566,000 after purchasing an additional 6,743 shares during the period. Finally, Alyeska Investment Group L.P. increased its position in Universal Technical Institute by 10.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,131,759 shares of the company’s stock worth $29,098,000 after purchasing an additional 109,255 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UTI. Rosenblatt Securities upped their target price on Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 6th. B. Riley raised their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Lake Street Capital lifted 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 increased their price target on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Truist Financial lifted their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Universal Technical Institute presently has a consensus rating of “Buy” and a consensus price target of $31.17.

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.