Universal Technical Institute (NYSE:UTI) EVP Sherrell Smith Sells 50,000 Shares

Universal Technical Institute Inc (NYSE:UTI) EVP Sherrell Smith sold 50,000 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $33.84, for a total value of $1,692,000.00. Following the transaction, the executive vice president directly owned 41,219 shares in the company, valued at $1,394,850.96. The trade was a 54.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Sherrell Smith also recently made the following trade(s):

• On Monday, March 2nd, Sherrell Smith sold 22,671 shares of Universal Technical Institute stock. The stock was sold at an average price of $37.10, for a total value of $841,094.10.
• On Monday, March 2nd, Sherrell Smith sold 30,000 shares of Universal Technical Institute stock. The stock was sold at an average price of $36.99, for a total value of $1,109,700.00.

Universal Technical Institute Price Performance

Shares of UTI opened at $34.99 on Friday. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 36.07, a P/E/G ratio of 3.04 and a beta of 1.31. Universal Technical Institute Inc has a fifty-two week low of $21.29 and a fifty-two week high of $38.02. 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 business’s 50-day moving average is $29.36 and its 200-day moving average is $28.61.

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

Institutional Investors Weigh In On Universal Technical Institute

Large investors have recently bought and sold shares of the business. Verdence Capital Advisors LLC increased its position in Universal Technical Institute by 3.4% during the third quarter. Verdence Capital Advisors LLC now owns 11,259 shares of the company’s stock worth $383,000 after buying an additional 367 shares during the last quarter. Leuthold Group LLC lifted its position in shares of Universal Technical Institute by 0.3% in the fourth quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock worth $3,704,000 after buying an additional 439 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of Universal Technical Institute by 2.1% during the 3rd quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock worth $685,000 after acquiring an additional 441 shares in the last quarter. Engineers Gate Manager LP boosted its stake in shares of Universal Technical Institute by 4.3% during the 2nd quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock worth $417,000 after acquiring an additional 506 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Universal Technical Institute by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock valued at $1,460,000 after acquiring an additional 506 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.