Key Points
- Sherrell Smith, EVP of Universal Technical Institute, sold 50,000 shares on May 12 at an average price of $33.84, a transaction worth about $1,692,000 that cut her stake to 41,219 shares (a 54.81% decrease).
- Smith also sold 22,671 and 30,000 shares on March 2 at roughly $37 per share, meaning insiders have sold more than $3.6 million of UTI stock year-to-date.
- UTI has a market cap of about $1.93 billion, recently beat quarterly EPS estimates (EPS $0.23 vs. $0.15) and carries a consensus analyst rating of Moderate Buy with a $36.20 average price target.
Universal Technical Institute Inc (NYSE:UTI - Get Free Report) COO Todd Hitchcock sold 16,500 shares of the firm's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $37.33, for a total transaction of $615,945.00. Following the completion of the transaction, the chief operating officer directly owned 104,084 shares in the company, valued at approximately $3,885,455.72. The trade was a 13.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Universal Technical Institute Stock Performance
Shares of UTI opened at $34.99 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50 day moving average price of $29.36 and a two-hundred day moving average price of $28.61. The firm has a market capitalization of $1.93 billion, a P/E ratio of 36.07, a P/E/G ratio of 3.04 and a beta of 1.31. Universal Technical Institute Inc has a 52 week low of $21.29 and a 52 week high of $38.02.
Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $220.84 million during the quarter, compared to the consensus estimate of $216.65 million. Universal Technical Institute had a return on equity of 16.98% and a net margin of 6.28%. Equities analysts forecast that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on UTI. Wall Street Zen upgraded Universal Technical Institute from a "sell" rating to a "hold" rating in a research note on Saturday. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, February 5th. Weiss Ratings cut shares of Universal Technical Institute from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 6th. Zacks Research raised shares of Universal Technical Institute from a "strong sell" rating to a "hold" rating in a research report on Friday, February 6th. Finally, Barrington Research reissued an "outperform" rating and set a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $36.20.
View Our Latest Stock Analysis on UTI
Institutional Investors Weigh In On Universal Technical Institute
A number of hedge funds have recently made changes to their positions in UTI. Baillie Gifford & Co. purchased a new stake in Universal Technical Institute during the third quarter worth about $18,901,000. Envestnet Asset Management Inc. boosted its stake in Universal Technical Institute by 68.5% in the third quarter. Envestnet Asset Management Inc. now owns 152,499 shares of the company's stock valued at $4,964,000 after acquiring an additional 61,971 shares during the last quarter. Franklin Resources Inc. purchased a new position in Universal Technical Institute in the second quarter valued at about $721,000. Fortress Investment Group LLC bought a new position in shares of Universal Technical Institute during the 2nd quarter valued at approximately $5,901,000. Finally, Jump Financial LLC increased its stake in shares of Universal Technical Institute by 511.9% during the 2nd quarter. Jump Financial LLC now owns 237,412 shares of the company's stock worth $8,046,000 after purchasing an additional 198,612 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors.
About Universal Technical Institute
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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.
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