Universal Technical Institute Inc (NYSE:UTI - Get Free Report) CAO Christine Kline sold 3,500 shares of the company's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $44.42, for a total transaction of $155,470.00. Following the completion of the transaction, the chief accounting officer owned 43,006 shares in the company, valued at approximately $1,910,326.52. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Universal Technical Institute Stock Performance
NYSE:UTI opened at $43.05 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $2.37 billion, a PE ratio of 55.91, a P/E/G ratio of 3.82 and a beta of 1.25. The firm has a 50 day simple moving average of $37.96 and a 200-day simple moving average of $32.28. Universal Technical Institute Inc has a 1-year low of $21.29 and a 1-year high of $45.74.
Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $221.40 million during the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. On average, equities analysts expect that Universal Technical Institute Inc will post 0.76 EPS for the current year.
Institutional Investors Weigh In On Universal Technical Institute
Several hedge funds and other institutional investors have recently bought and sold shares of UTI. Royal Bank of Canada increased its holdings in Universal Technical Institute by 47.6% during the 1st quarter. Royal Bank of Canada now owns 44,564 shares of the company's stock worth $1,144,000 after purchasing an additional 14,364 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Universal Technical Institute during the 1st quarter worth approximately $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Universal Technical Institute by 23.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company's stock worth $711,000 after purchasing an additional 5,216 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Universal Technical Institute during the 1st quarter worth approximately $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Universal Technical Institute by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company's stock worth $2,163,000 after purchasing an additional 9,951 shares during the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
UTI has been the topic of several research reports. Griffin Securities set a $49.00 target price on Universal Technical Institute in a research report on Thursday, April 30th. B. Riley Financial reissued a "buy" rating on shares of Universal Technical Institute in a research report on Thursday, April 30th. Wall Street Zen raised shares of Universal Technical Institute from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a research report on Thursday, May 7th. Finally, Barrington Research increased their target price on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an "outperform" rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $44.25.
View Our Latest Research Report on Universal Technical Institute
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.
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