Insider Selling: Universal Technical Institute (NYSE:UTI) Director Sells 10,000 Shares of Stock

Universal Technical Institute Inc (NYSE:UTI) Director Shannon Lei Okinaka sold 10,000 shares of Universal Technical Institute stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $34.74, for a total transaction of $347,400.00. Following the completion of the sale, the director owned 19,808 shares of the company’s stock, valued at approximately $688,129.92. The trade was a 33.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Universal Technical Institute Price Performance

Shares of UTI stock traded up $0.21 during trading on Monday, hitting $35.20. The company had a trading volume of 557,880 shares, compared to its average volume of 983,980. The firm has a market capitalization of $1.94 billion, a P/E ratio of 36.29, a price-to-earnings-growth ratio of 3.03 and a beta of 1.31. Universal Technical Institute Inc has a one year low of $21.29 and a one year high of $38.02. 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 stock’s 50-day moving average price is $29.52 and its 200 day moving average price is $28.71.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UTI. Weiss Ratings cut shares of Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Barrington Research restated an “outperform” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, February 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, February 5th. 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. Finally, Wall Street Zen upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of Universal Technical Institute in the second quarter valued at about $27,000. Penserra Capital Management LLC acquired a new position in shares of Universal Technical Institute in the second quarter worth approximately $28,000. KBC Group NV bought a new stake in Universal Technical Institute in the second quarter valued at approximately $34,000. Clearstead Advisors LLC boosted its holdings in Universal Technical Institute by 187.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after acquiring an additional 943 shares during 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 purchasing an additional 1,200 shares during the period. 75.67% of the stock is 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.