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 Universal Technical Institute stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $33.84, for a total value of $1,692,000.00. Following the completion of the transaction, the executive vice president directly owned 41,219 shares of the company’s stock, valued at approximately $1,394,850.96. This represents a 54.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $37.10, for a total transaction of $841,094.10.
• On Monday, March 2nd, Sherrell Smith sold 30,000 shares of Universal Technical Institute stock. The shares were sold at an average price of $36.99, for a total value of $1,109,700.00.

Universal Technical Institute Stock Performance

Shares of NYSE:UTI traded down $0.08 during midday trading on Friday, reaching $34.99. 528,651 shares of the company’s stock traded hands, compared to its average volume of 806,183. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 36.07, a P/E/G ratio of 3.10 and a beta of 1.31. The stock has a 50 day moving average of $29.20 and a 200 day moving average of $28.55. Universal Technical Institute Inc has a one year low of $21.29 and a one year high of $38.02.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.23 earnings per share for the quarter, beating 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 firm had revenue of $220.84 million during the quarter, compared to analysts’ expectations of $216.65 million. As a group, equities research analysts anticipate that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on UTI shares. Wall Street Zen downgraded Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Weiss Ratings cut shares of Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Zacks Research upgraded shares of Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Barrington Research reiterated an “outperform” rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, February 5th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Universal Technical Institute presently has an average rating of “Moderate Buy” and a consensus target price of $36.20.

Institutional Trading of Universal Technical Institute

Large investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. bought a new stake in shares of Universal Technical Institute in the 2nd quarter valued at approximately $27,000. Penserra Capital Management LLC purchased a new stake in Universal Technical Institute during the second quarter worth $28,000. KBC Group NV purchased a new stake in shares of Universal Technical Institute during the second quarter valued at about $34,000. Clearstead Advisors LLC increased its position in shares of Universal Technical Institute by 187.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after purchasing an additional 943 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Universal Technical Institute by 17,142.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock valued at $41,000 after buying an additional 1,200 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors.

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.