Universal Technical Institute (NYSE:UTI) Director George Brochick Sells 5,000 Shares

Universal Technical Institute Inc (NYSE:UTI) Director George Brochick sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $36.59, for a total transaction of $182,950.00. Following the completion of the sale, the director directly owned 27,516 shares of the company’s stock, valued at $1,006,810.44. The trade was a 15.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Universal Technical Institute Price Performance

Shares of UTI traded down $1.43 during mid-day trading on Wednesday, hitting $36.00. The company’s stock had a trading volume of 456,907 shares, compared to its average volume of 856,140. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50-day moving average price of $30.79 and a 200 day moving average price of $29.13. Universal Technical Institute Inc has a fifty-two week low of $21.29 and a fifty-two week high of $38.02. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 3.24 and a beta of 1.31.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, February 4th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. The business had revenue of $220.84 million during the quarter, compared to analyst estimates of $216.65 million. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. On average, research analysts predict that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UTI. Barrington Research restated an “outperform” rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, February 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, February 5th. Zacks Research raised Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Weiss Ratings downgraded Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Finally, Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Universal Technical Institute has an average rating of “Moderate Buy” and an average target price of $36.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. acquired a new position in Universal Technical Institute in the 2nd quarter valued at approximately $27,000. KBC Group NV acquired a new stake in shares of Universal Technical Institute during the 2nd quarter valued at $34,000. Clearstead Advisors LLC boosted its stake in shares of Universal Technical Institute by 187.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after buying an additional 943 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Universal Technical Institute by 17,142.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock valued at $41,000 after buying an additional 1,200 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in shares of Universal Technical Institute during the 1st quarter valued at $57,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.