Key Points
- CEO Jerome Alan Grant sold 60,040 shares on Feb. 27 at an average price of $34.95 for a total of $2,098,398, reducing his stake by 12.25% to 430,215 shares.
- Universal Technical Institute beat quarterly expectations with $0.23 EPS vs. $0.15 expected and $220.84M revenue vs. $216.65M, and it trades with a market cap of about $2.06B and a P/E of 38.68.
- Analyst sentiment is mixed but averages a "Moderate Buy" with a consensus target of $36.20, while institutional investors hold roughly 75.7% of the stock.
Universal Technical Institute Inc (NYSE:UTI - Get Free Report) CEO Jerome Alan Grant sold 60,040 shares of the business's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $34.95, for a total value of $2,098,398.00. Following the completion of the sale, the chief executive officer owned 430,215 shares of the company's stock, valued at approximately $15,036,014.25. This represents a 12.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Universal Technical Institute Stock Performance
Shares of UTI opened at $37.52 on Tuesday. The company's 50 day simple moving average is $28.66 and its 200-day simple moving average is $28.37. The firm has a market cap of $2.06 billion, a PE ratio of 38.68, a price-to-earnings-growth ratio of 3.13 and a beta of 1.31. Universal Technical Institute Inc has a 12-month low of $21.29 and a 12-month high of $37.57. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29.
Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. The firm had revenue of $220.84 million during the quarter, compared to analysts' expectations of $216.65 million. As a group, equities analysts predict that Universal Technical Institute Inc will post 1 EPS for the current year.
Institutional Investors Weigh In On Universal Technical Institute
A number of institutional investors and hedge funds have recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new position in Universal Technical Institute during the second quarter worth $27,000. Penserra Capital Management LLC acquired a new stake in Universal Technical Institute in the second quarter valued at $28,000. KBC Group NV purchased a new position in shares of Universal Technical Institute in the second quarter valued at $34,000. Clearstead Advisors LLC raised its stake in shares of 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. Finally, PNC Financial Services Group Inc. raised its stake in shares of Universal Technical Institute by 17,142.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company's stock worth $41,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on UTI shares. Barrington Research reiterated an "outperform" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, February 5th. Zacks Research upgraded shares of Universal Technical Institute from a "strong sell" rating to a "hold" rating in a research note on Friday, February 6th. Weiss Ratings lowered shares of Universal Technical Institute from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 6th. Rosenblatt Securities reissued a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, February 5th. Finally, Wall Street Zen lowered Universal Technical Institute from a "hold" rating to a "sell" rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.20.
View Our Latest Stock Report on UTI
About Universal Technical Institute
(
Get Free Report)
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.
Further Reading
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