Linda Srere Sells 15,000 Shares of Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute Inc (NYSE:UTI) Director Linda Srere sold 15,000 shares of Universal Technical Institute stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $36.59, for a total value of $548,850.00. Following the completion of the sale, the director directly owned 127,564 shares in the company, valued at $4,667,566.76. This represents a 10.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Universal Technical Institute Stock Performance

Shares of UTI stock traded up $2.12 during trading hours on Wednesday, reaching $39.79. 1,290,394 shares of the company’s stock were exchanged, compared to its average volume of 706,891. The company has a market cap of $2.19 billion, a P/E ratio of 51.68, a price-to-earnings-growth ratio of 3.22 and a beta of 1.28. The company’s 50 day moving average is $36.52 and its two-hundred day moving average is $30.96. Universal Technical Institute Inc has a 1 year low of $21.29 and a 1 year high of $40.41. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.14.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UTI shares. Rosenblatt Securities upped their price target on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Universal Technical Institute in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research raised shares of Universal Technical Institute from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Finally, Barrington Research lifted their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Universal Technical Institute currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its position 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 worth $1,144,000 after buying an additional 14,364 shares in the last quarter. AQR Capital Management LLC acquired a new position in Universal Technical Institute during the first quarter worth about $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Universal Technical Institute by 23.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock worth $711,000 after acquiring an additional 5,216 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Universal Technical Institute in the first quarter valued at about $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Universal Technical Institute by 13.4% in the first 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 during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

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.