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 dated Friday, March 21st. The shares were 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 filing with the SEC, which is available at this hyperlink.

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 transaction of $1,098,571.10.
• 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 NYSE UTI opened at $27.29 on Wednesday. Universal Technical Institute, Inc. has a 52 week low of $13.66 and a 52 week high of $30.56. 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 firm has a market cap of $1.48 billion, a P/E ratio of 28.13, a P/E/G ratio of 1.92 and a beta of 1.49. The business’s 50 day moving average price is $27.30 and its 200 day moving average price is $23.01.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 EPS 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%. On average, sell-side analysts expect that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Hedge Funds Weigh In On Universal Technical Institute

A number of institutional investors have recently modified their holdings of UTI. Covestor Ltd grew its holdings in Universal Technical Institute by 24.4% during the fourth quarter. Covestor Ltd now owns 1,977 shares of the company’s stock worth $51,000 after acquiring an additional 388 shares during the period. Arcadia Investment Management Corp MI acquired a new position in Universal Technical Institute in the fourth quarter valued at approximately $79,000. Quarry LP boosted its position in Universal Technical Institute by 380.6% in 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. Lazard Asset Management LLC acquired a new stake in shares of Universal Technical Institute during the 4th quarter worth approximately $101,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of Universal Technical Institute during the 4th quarter valued at approximately $118,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Analyst Ratings Changes

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

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.