Insider Selling: Universal Technical Institute, Inc. (NYSE:UTI) Director Sells 8,000 Shares of Stock

Universal Technical Institute, Inc. (NYSE:UTI) Director George W. Brochick sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total transaction of $220,720.00. Following the sale, the director now owns 34,917 shares of the company’s stock, valued at $963,360.03. This represents a 18.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Universal Technical Institute Stock Performance

UTI traded down $0.85 on Thursday, hitting $27.80. 1,271,056 shares of the company traded hands, compared to its average volume of 652,799. Universal Technical Institute, Inc. has a 12-month low of $13.66 and a 12-month high of $30.56. The company has a 50 day moving average of $26.81 and a 200-day moving average of $21.65. 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 stock has a market capitalization of $1.51 billion, a PE ratio of 28.65, a PEG ratio of 1.92 and a beta of 1.45.

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

Hedge Funds Weigh In On Universal Technical Institute

A number of large investors have recently bought and sold shares of UTI. State Street Corp increased its stake in shares of Universal Technical Institute by 3.6% during the third quarter. State Street Corp now owns 856,091 shares of the company’s stock worth $13,920,000 after acquiring an additional 29,461 shares during the period. Geode Capital Management LLC increased its position in Universal Technical Institute by 9.8% during the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock worth $15,496,000 after purchasing an additional 85,417 shares during the period. Harbor Capital Advisors Inc. raised its stake 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 buying an additional 295,408 shares in the last quarter. Guardian Wealth Management Inc. lifted its holdings in shares of Universal Technical Institute by 5,347.0% in the 3rd quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock valued at $1,407,000 after buying an additional 84,964 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in shares of Universal Technical Institute in the third quarter valued at approximately $395,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on UTI shares. Lake Street Capital raised their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. B. Riley upped their target price on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Truist Financial lifted their price target on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Northland Securities boosted their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Barrington Research raised their target price on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Universal Technical Institute currently has a consensus rating of “Buy” and a consensus 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.