Universal Technical Institute (NYSE:UTI) Insider Kevin Prehn Sells 4,545 Shares

Universal Technical Institute Inc (NYSE:UTI) insider Kevin Prehn sold 4,545 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $40.00, for a total transaction of $181,800.00. Following the completion of the transaction, the insider directly owned 27,025 shares in the company, valued at $1,081,000. The trade was a 14.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Universal Technical Institute Trading Down 0.9%

Shares of UTI traded down $0.36 during trading on Wednesday, reaching $39.39. 582,405 shares of the company traded hands, compared to its average volume of 1,183,260. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $45.74. The stock has a market cap of $2.17 billion, a PE ratio of 51.16, a price-to-earnings-growth ratio of 3.49 and a beta of 1.25. The stock has a 50-day simple moving average of $38.70 and a 200-day simple moving average of $33.57. 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 (NYSE:UTI) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. The firm had revenue of $221.40 million for the quarter, compared to analyst estimates of $221.61 million. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. On average, analysts anticipate that Universal Technical Institute Inc will post 0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on UTI. Griffin Securities set a $49.00 price target on Universal Technical Institute in a research report on Thursday, April 30th. Barrington Research increased their target price on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. B. Riley Financial reaffirmed 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 research note on Thursday, May 7th. Finally, Weiss Ratings raised shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Three 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.25.

Hedge Funds Weigh In On Universal Technical Institute

Institutional investors and hedge funds have recently made changes to their positions in the stock. Glenmede Trust Co. NA acquired a new stake in Universal Technical Institute in the first quarter valued at approximately $234,000. Bank of America Corp DE grew its holdings in Universal Technical Institute by 65.3% during the 1st quarter. Bank of America Corp DE now owns 254,586 shares of the company’s stock worth $9,191,000 after acquiring an additional 100,570 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Universal Technical Institute by 28.3% in the 1st quarter. Janus Henderson Group PLC now owns 25,399 shares of the company’s stock valued at $917,000 after purchasing an additional 5,599 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Universal Technical Institute by 31.3% during the 1st quarter. California State Teachers Retirement System now owns 67,239 shares of the company’s stock worth $2,427,000 after purchasing an additional 16,040 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Universal Technical Institute by 6.9% during the first quarter. The Manufacturers Life Insurance Company now owns 24,449 shares of the company’s stock worth $883,000 after purchasing an additional 1,583 shares in the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

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.