Universal Technical Institute, Inc. (NYSE:UTI) Director Kenneth R. Trammell Sells 30,000 Shares

Universal Technical Institute, Inc. (NYSE:UTI) Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the sale, the director now directly owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. The trade was a 18.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Universal Technical Institute Stock Down 0.7 %

NYSE:UTI traded down $0.17 during trading hours on Friday, reaching $25.87. The company’s stock had a trading volume of 251,630 shares, compared to its average volume of 527,379. The stock has a 50 day moving average price of $18.11 and a two-hundred day moving average price of $16.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.08. The company has a market capitalization of $1.39 billion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34. Universal Technical Institute, Inc. has a 12 month low of $10.46 and a 12 month high of $26.43.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UTI. StockNews.com upgraded Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Barrington Research upped their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. B. Riley lifted their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial upped their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Northland Securities upped their target price on Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $25.33.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in UTI. FMR LLC grew its stake in Universal Technical Institute by 73,048.1% in the third quarter. FMR LLC now owns 879,240 shares of the company’s stock valued at $14,296,000 after purchasing an additional 878,038 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Universal Technical Institute by 55.0% in the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock worth $37,872,000 after buying an additional 842,765 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Universal Technical Institute during the 2nd quarter worth approximately $9,032,000. Pembroke Management LTD lifted its position in Universal Technical Institute by 646.3% during the second quarter. Pembroke Management LTD now owns 369,308 shares of the company’s stock valued at $5,809,000 after acquiring an additional 319,820 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Universal Technical Institute by 198.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock valued at $5,622,000 after acquiring an additional 229,738 shares in the last quarter. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Company Profile

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.