Sherrell Smith Sells 50,000 Shares of Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute Inc (NYSE:UTI) EVP Sherrell Smith sold 50,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $33.84, for a total transaction of $1,692,000.00. Following the completion of the transaction, the executive vice president owned 41,219 shares of the company’s stock, valued at approximately $1,394,850.96. This represents a 54.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sherrell Smith also recently made the following trade(s):

• On Monday, March 2nd, Sherrell Smith sold 22,671 shares of Universal Technical Institute stock. The shares were sold at an average price of $37.10, for a total transaction of $841,094.10.
• On Monday, March 2nd, Sherrell Smith sold 30,000 shares of Universal Technical Institute stock. The shares were sold at an average price of $36.99, for a total transaction of $1,109,700.00.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $34.99 on Friday. Universal Technical Institute Inc has a 12-month low of $21.29 and a 12-month high of $38.02. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.93 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 3.03 and a beta of 1.31. The firm has a 50-day moving average price of $29.36 and a 200 day moving average price of $28.63.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $220.84 million during the quarter, compared to analysts’ expectations of $216.65 million. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. Research analysts anticipate that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.

Analyst Ratings Changes

UTI has been the topic of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, February 5th. Weiss Ratings lowered Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Zacks Research raised Universal Technical Institute from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Wall Street Zen upgraded shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UTI. Newbridge Financial Services Group Inc. bought a new stake in Universal Technical Institute during the 2nd quarter worth approximately $27,000. Penserra Capital Management LLC bought a new position in Universal Technical Institute in the 2nd quarter valued at $28,000. KBC Group NV acquired a new position in Universal Technical Institute in the second quarter worth $34,000. Clearstead Advisors LLC boosted its stake in Universal Technical Institute by 187.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after purchasing an additional 943 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Universal Technical Institute by 17,142.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock worth $41,000 after purchasing an additional 1,200 shares during the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

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.