Universal Technical Institute (NYSE:UTI) CEO Jerome Alan Grant Sells 94,500 Shares

Universal Technical Institute Inc (NYSE:UTI) CEO Jerome Alan Grant sold 94,500 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $41.40, for a total value of $3,912,300.00. Following the completion of the transaction, the chief executive officer owned 335,715 shares of the company’s stock, valued at $13,898,601. This trade represents a 21.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Universal Technical Institute Price Performance

UTI stock opened at $42.83 on Wednesday. Universal Technical Institute Inc has a one year low of $21.29 and a one year high of $45.74. The firm has a 50-day moving average of $39.09 and a two-hundred day moving average of $34.04. The firm has a market capitalization of $2.36 billion, a PE ratio of 55.62, a P/E/G ratio of 3.63 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. On average, analysts forecast that Universal Technical Institute Inc will post 0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UTI shares. Truist Financial increased their target price on Universal Technical Institute from $40.00 to $47.00 and gave the company a “buy” rating in a report on Monday. Griffin Securities set a $49.00 price target on Universal Technical Institute in a research report on Thursday, April 30th. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Rosenblatt Securities raised their price objective on Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Barrington Research lifted their target price on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.80.

Institutional Trading of Universal Technical Institute

A number of institutional investors have recently bought and sold shares of UTI. Newbridge Financial Services Group Inc. acquired a new position in Universal Technical Institute in the 2nd quarter worth about $27,000. PNC Financial Services Group Inc. increased its holdings in Universal Technical Institute by 543.5% in the first 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 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 in the last quarter. NewEdge Advisors LLC acquired a new stake in Universal Technical Institute in the first quarter valued at approximately $57,000. Finally, SBI Securities Co. Ltd. lifted its stake in Universal Technical Institute by 4,500.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock valued at $142,000 after acquiring an additional 5,310 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

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.