Insider Selling: Universal Technical Institute (NYSE:UTI) CEO Sells $3,912,300.00 in Stock

Universal Technical Institute Inc (NYSE:UTI) CEO Jerome Alan Grant sold 94,500 shares of Universal Technical Institute stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the completion of the transaction, the chief executive officer directly owned 335,715 shares in the company, valued at approximately $13,898,601. The trade was a 21.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Universal Technical Institute Price Performance

Shares of UTI opened at $48.12 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $48.31. The stock has a market capitalization of $2.65 billion, a P/E ratio of 62.49, a P/E/G ratio of 4.12 and a beta of 1.23. The company has a 50 day moving average of $39.49 and a 200-day moving average of $34.36.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. The company had revenue of $221.40 million during the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. As a group, equities research analysts forecast that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of UTI. Royal Bank of Canada grew its stake in shares of Universal Technical Institute by 47.6% during the 1st quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock worth $1,144,000 after acquiring an additional 14,364 shares during the period. AQR Capital Management LLC bought a new stake in shares of Universal Technical Institute in the first quarter valued at approximately $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Universal Technical Institute by 23.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock valued at $711,000 after buying an additional 5,216 shares in the last quarter. NewEdge Advisors LLC bought a new position in Universal Technical Institute in the 1st quarter worth approximately $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in 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 buying an additional 9,951 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. 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 research note on Thursday, May 7th. B. Riley Financial reiterated a “buy” rating on shares of Universal Technical Institute in a research report on Thursday, April 30th. Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a report on Thursday, May 7th. Finally, Wall Street Zen raised Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Four equities research analysts have rated the stock with a Buy rating and two have given 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 $44.80.

Universal Technical Institute Company Profile

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.