Key Points
- Insider sale: Universal Technical Institute director Linda Srere sold 15,000 shares on May 11 at an average price of $36.59, totaling about $548,850. After the sale, she still owned 127,564 shares, reducing her stake by 10.52%.
- Recent earnings were essentially flat: The company reported quarterly EPS of $0.01 on revenue of $221.4 million, roughly in line with analyst expectations. It also posted a net margin of 4.91% and return on equity of 13.02%.
- Analyst sentiment remains positive: Several analysts have issued buy ratings, and the consensus view is a Moderate Buy with a target price of $42.50. The stock was trading near $39.79, close to its 52-week high of $40.41.
Universal Technical Institute Inc (NYSE:UTI - Get Free Report) Director Linda Srere sold 15,000 shares of Universal Technical Institute stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $36.59, for a total value of $548,850.00. Following the completion of the sale, the director owned 127,564 shares in the company, valued at approximately $4,667,566.76. The trade was a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Universal Technical Institute Price Performance
Universal Technical Institute stock opened at $39.79 on Thursday. Universal Technical Institute Inc has a 52-week low of $21.29 and a 52-week high of $40.41. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 51.68, a PEG ratio of 3.30 and a beta of 1.28. The company has a fifty day simple moving average of $36.57 and a 200-day simple moving average of $31.00. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 0.38.
Universal Technical Institute (NYSE:UTI - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The business had revenue of $221.40 million during the quarter, compared to analyst estimates of $221.61 million. On average, equities analysts anticipate that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on UTI shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Universal Technical Institute in a report on Wednesday, May 6th. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 7th. Griffin Securities set a $49.00 target price on shares of Universal Technical Institute in a research note on Thursday, April 30th. B. Riley Financial reaffirmed a "buy" rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Finally, Rosenblatt Securities upped their price target on Universal Technical Institute from $36.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.
Check Out Our Latest Stock Report on Universal Technical Institute
Hedge Funds Weigh In On Universal Technical Institute
Several institutional investors have recently bought and sold shares of UTI. Gibbs Wealth Management increased its position in shares of Universal Technical Institute by 66.3% during the first quarter. Gibbs Wealth Management now owns 32,881 shares of the company's stock worth $1,187,000 after acquiring an additional 13,105 shares during the period. Sei Investments Co. raised its holdings in Universal Technical Institute by 371.5% in the first quarter. Sei Investments Co. now owns 139,682 shares of the company's stock valued at $5,043,000 after acquiring an additional 110,056 shares in the last quarter. Militia Capital Management LLC acquired a new stake in Universal Technical Institute in the first quarter valued at approximately $7,220,000. PNC Financial Services Group Inc. raised its holdings in Universal Technical Institute by 543.5% in the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company's stock valued at $32,000 after acquiring an additional 750 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Universal Technical Institute by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,296,989 shares of the company's stock valued at $46,826,000 after acquiring an additional 9,153 shares in the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
