Insider Selling: Universal Technical Institute (NYSE:UTI) Director Sells 15,000 Shares of Stock

Universal Technical Institute Inc (NYSE:UTI) Director Linda Srere sold 15,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $36.59, for a total transaction of $548,850.00. Following the completion of the sale, the director directly owned 127,564 shares of the company’s stock, valued at approximately $4,667,566.76. This trade represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Universal Technical Institute Stock Performance

Shares of UTI traded up $2.12 during midday trading on Wednesday, reaching $39.79. 1,290,394 shares of the stock were exchanged, compared to its average volume of 706,891. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $40.41. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.14. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 51.68, a PEG ratio of 3.22 and a beta of 1.28. The business’s 50-day moving average price is $36.52 and its 200 day moving average price is $30.96.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $221.40 million during the quarter, compared to analysts’ expectations of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. On average, sell-side analysts expect that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UTI. Rosenblatt Securities raised their target price on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a research note on Thursday, May 7th. Barrington Research increased their price target on shares of 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 reissued a “buy” rating on shares of Universal Technical Institute in a research report on Thursday, April 30th. Finally, Griffin Securities set a $49.00 target price on shares of Universal Technical Institute in a report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of Universal Technical Institute during the second quarter worth $27,000. PNC Financial Services Group Inc. raised its position in Universal Technical Institute by 543.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after buying an additional 750 shares during the last quarter. Clearstead Advisors LLC raised its position in Universal Technical Institute by 187.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after buying an additional 943 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Universal Technical Institute in the 1st quarter worth $57,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Universal Technical Institute in the third quarter valued at about $92,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

About Universal Technical Institute

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.