Christine Kline Sells 3,500 Shares of Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute Inc (NYSE:UTI) CAO Christine Kline sold 3,500 shares of Universal Technical Institute stock in a transaction on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the completion of the transaction, the chief accounting officer directly owned 43,006 shares of the company’s stock, valued at $1,910,326.52. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Universal Technical Institute Price Performance

UTI stock opened at $39.38 on Wednesday. Universal Technical Institute Inc has a 12 month low of $21.29 and a 12 month high of $45.74. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $38.00 and a 200 day moving average price of $32.35. The stock has a market cap of $2.17 billion, a PE ratio of 51.15, a P/E/G ratio of 3.77 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The company had revenue of $221.40 million during the quarter, compared to analyst estimates of $221.61 million. Equities research analysts anticipate that Universal Technical Institute Inc will post 0.76 earnings per share for the current year.

Institutional Investors Weigh In On Universal Technical Institute

Several large investors have recently modified their holdings of UTI. Royal Bank of Canada raised its holdings in shares of Universal Technical Institute by 47.6% in the 1st quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock valued at $1,144,000 after purchasing an additional 14,364 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Universal Technical Institute in the 1st quarter valued at about $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Universal Technical Institute by 23.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock valued at $711,000 after purchasing an additional 5,216 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Universal Technical Institute in the 1st quarter valued at about $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Universal Technical Institute by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock valued at $2,163,000 after purchasing an additional 9,951 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Wall Street Analyst Weigh In

UTI has been the subject of a number of research analyst reports. Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a report on Thursday, April 30th. Rosenblatt Securities lifted their price objective on shares of Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Barrington Research lifted their price objective on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, Weiss Ratings lowered shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.25.

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.