Insider Selling: Universal Technical Institute (NYSE:UTI) SVP Sells $52,640.00 in Stock

Universal Technical Institute Inc (NYSE:UTI) SVP Carolyn Ann Frank sold 1,750 shares of Universal Technical Institute stock in a transaction on Friday, February 13th. The shares were sold at an average price of $30.08, for a total transaction of $52,640.00. Following the transaction, the senior vice president owned 30,272 shares in the company, valued at $910,581.76. The trade was a 5.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Universal Technical Institute Price Performance

Shares of NYSE UTI opened at $31.76 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.14 and a quick ratio of 1.14. Universal Technical Institute Inc has a 1-year low of $21.29 and a 1-year high of $36.32. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 2.70 and a beta of 1.36. The business has a 50-day moving average of $27.51 and a 200-day moving average of $28.08.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $216.65 million. Universal Technical Institute had a return on equity of 16.98% and a net margin of 6.28%. On average, equities analysts anticipate that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Institutional Investors Weigh In On Universal Technical Institute

Large investors have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in Universal Technical Institute during the 2nd quarter valued at $27,000. Penserra Capital Management LLC bought a new stake in shares of Universal Technical Institute during the second quarter valued at about $28,000. KBC Group NV bought a new position in Universal Technical Institute in the 2nd quarter valued at about $34,000. Clearstead Advisors LLC increased its stake in Universal Technical Institute by 187.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after buying an additional 943 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in 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 valued at $41,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings cut shares of Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Barrington Research restated an “outperform” rating and set a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, February 5th. Wall Street Zen downgraded shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. 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. Finally, Rosenblatt Securities restated a “buy” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

About Universal Technical Institute

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.