Universal Technical Institute, Inc. (NYSE:UTI) EVP Sells $981,103.64 in Stock

Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) EVP Sherrell Smith sold 36,773 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the sale, the executive vice president now owns 227,358 shares of the company's stock, valued at $6,065,911.44. This represents a 13.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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.

Universal Technical Institute Stock Performance

Universal Technical Institute stock traded down $1.28 during mid-day trading on Friday, reaching $26.52. The company had a trading volume of 1,674,377 shares, compared to its average volume of 507,395. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.92 and a beta of 1.49. The company has a 50 day moving average of $27.23 and a 200-day moving average of $22.81. Universal Technical Institute, Inc. has a 52 week low of $13.66 and a 52 week high of $30.56.

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Universal Technical Institute (NYSE:UTI - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. On average, sell-side analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Institutional Trading of Universal Technical Institute

Several institutional investors have recently modified their holdings of the company. State Street Corp lifted its position in Universal Technical Institute by 3.6% in the third quarter. State Street Corp now owns 856,091 shares of the company's stock worth $13,920,000 after purchasing an additional 29,461 shares during the period. Geode Capital Management LLC raised its stake in shares of Universal Technical Institute by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company's stock valued at $15,496,000 after buying an additional 85,417 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Universal Technical Institute by 362.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company's stock worth $9,691,000 after acquiring an additional 295,408 shares during the period. Rhumbline Advisers boosted its position in shares of Universal Technical Institute by 37.4% during the 4th quarter. Rhumbline Advisers now owns 71,407 shares of the company's stock valued at $1,836,000 after acquiring an additional 19,453 shares in the last quarter. Finally, Guardian Wealth Management Inc. increased its stake in Universal Technical Institute by 5,347.0% in the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company's stock valued at $1,407,000 after acquiring an additional 84,964 shares during the period. Institutional investors and hedge funds own 75.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on UTI shares. Rosenblatt Securities increased their price target on Universal Technical Institute from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Northland Securities raised their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Lake Street Capital boosted their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Barrington Research raised their price target on Universal Technical Institute from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Universal Technical Institute currently has a consensus rating of "Buy" and an average target price of $31.17.

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.