Key Points
- Director George Brochick sold 5,000 shares on March 17 at an average price of $36.59 for $182,950, reducing his stake by 15.38% to 27,516 shares (about $1.01M).
- UTI beat recent quarterly estimates, reporting $0.23 EPS vs. $0.15 expected and revenue of $220.84M vs. $216.65M, with a net margin of 6.28% and ROE of 16.98%.
- Institutional ownership is high (75.67%) with several funds adding positions, and analysts hold a consensus "Moderate Buy" rating with a $36.20 price target.
Universal Technical Institute Inc (NYSE:UTI - Get Free Report) Director George Brochick sold 5,000 shares of Universal Technical Institute stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $36.59, for a total value of $182,950.00. Following the sale, the director owned 27,516 shares of the company's stock, valued at approximately $1,006,810.44. This represents a 15.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Universal Technical Institute Trading Down 3.8%
NYSE:UTI opened at $36.00 on Thursday. The company has a market capitalization of $1.98 billion, a P/E ratio of 37.12, a P/E/G ratio of 3.24 and a beta of 1.31. The stock's 50 day moving average price is $30.79 and its 200 day moving average price is $29.13. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 1.14. 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 posted its earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.
Institutional Investors Weigh In On Universal Technical Institute
Several hedge funds have recently modified their holdings of UTI. Coliseum Capital Management LLC grew its stake in shares of Universal Technical Institute by 46.2% in the fourth quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company's stock worth $103,774,000 after acquiring an additional 1,255,173 shares during the last quarter. Vanguard Group Inc. raised its stake in Universal Technical Institute by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,456,452 shares of the company's stock valued at $112,508,000 after purchasing an additional 141,426 shares during the last quarter. Wasatch Advisors LP raised its stake in Universal Technical Institute by 22.5% during the 3rd quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company's stock valued at $76,851,000 after purchasing an additional 433,824 shares during the last quarter. Congress Asset Management Co. boosted its holdings in Universal Technical Institute by 11.2% in the 3rd quarter. Congress Asset Management Co. now owns 2,076,255 shares of the company's stock valued at $67,582,000 after purchasing an additional 209,476 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Universal Technical Institute by 132.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company's stock valued at $52,217,000 after purchasing an additional 1,140,465 shares during the period. 75.67% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on UTI. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, February 5th. Zacks Research raised Universal Technical Institute from a "strong sell" rating to a "hold" rating in a research report on Friday, February 6th. Wall Street Zen raised Universal Technical Institute from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Weiss Ratings lowered Universal Technical Institute from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 6th. Finally, Barrington Research reaffirmed 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 analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.20.
Get Our Latest Analysis on UTI
Universal Technical Institute Company Profile
(
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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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