Sherrell Smith Sells 10,000 Shares of Universal Technical Institute, Inc. (NYSE:UTI) Stock

Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) EVP Sherrell Smith sold 10,000 shares of Universal Technical Institute stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $26.95, for a total transaction of $269,500.00. Following the completion of the sale, the executive vice president now owns 157,663 shares of the company's stock, valued at $4,249,017.85. This trade represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, March 19th, Sherrell Smith sold 39,446 shares of Universal Technical Institute stock. The shares were sold at an average price of $27.85, for a total value of $1,098,571.10.
• On Monday, March 17th, Sherrell Smith sold 36,773 shares of Universal Technical Institute stock. The stock was sold at an average price of $26.68, for a total value of $981,103.64.

Universal Technical Institute Price Performance

NYSE:UTI traded down $1.15 during trading hours on Friday, reaching $25.36. The company had a trading volume of 1,216,314 shares, compared to its average volume of 538,395. The firm has a market capitalization of $1.38 billion, a PE ratio of 26.14, a PEG ratio of 1.92 and a beta of 1.49. The stock has a 50-day moving average of $27.30 and a two-hundred day moving average of $23.17. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $30.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42.

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Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Institutional Investors Weigh In On Universal Technical Institute

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Universal Technical Institute by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,745,668 shares of the company's stock worth $70,591,000 after purchasing an additional 44,103 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in Universal Technical Institute by 194.0% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,847,423 shares of the company's stock worth $47,497,000 after buying an additional 1,219,052 shares in the last quarter. Dumac Inc. bought a new position in Universal Technical Institute in the 4th quarter valued at $43,236,000. Renaissance Technologies LLC increased its stake in shares of Universal Technical Institute by 0.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,188,891 shares of the company's stock valued at $30,566,000 after buying an additional 6,743 shares during the period. Finally, Alyeska Investment Group L.P. raised its position in shares of Universal Technical Institute by 10.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,131,759 shares of the company's stock worth $29,098,000 after acquiring an additional 109,255 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on UTI shares. Lake Street Capital boosted their price objective on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. B. Riley started coverage on Universal Technical Institute in a research report on Friday. They set a "buy" rating and a $31.00 target price on the stock. Northland Securities raised their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, Barrington Research upped their target price on Universal Technical Institute from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Universal Technical Institute presently has an average rating of "Buy" and a consensus target price of $32.17.

About Universal Technical Institute

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.