Insider Selling: Universal Technical Institute (NYSE:UTI) CAO Sells $155,470.00 in Stock

Universal Technical Institute Inc (NYSE:UTI) CAO Christine Kline sold 3,500 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the sale, the chief accounting officer directly owned 43,006 shares of the company’s stock, valued at $1,910,326.52. The trade was a 7.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Universal Technical Institute Trading Up 0.9%

NYSE UTI opened at $39.62 on Thursday. The stock has a market capitalization of $2.18 billion, a P/E ratio of 51.45, a PEG ratio of 3.45 and a beta of 1.25. Universal Technical Institute Inc has a 12 month low of $21.29 and a 12 month high of $45.74. 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’s 50-day moving average is $38.06 and its two-hundred day moving average is $32.46.

Universal Technical Institute (NYSE:UTI) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $221.61 million. On average, sell-side analysts anticipate that Universal Technical Institute Inc will post 0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Rosenblatt Securities increased their price target on shares of Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Barrington Research raised their target price on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Northland Securities set a $41.00 target price on Universal Technical Institute in a report on Thursday, May 7th. Wall Street Zen upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Griffin Securities set a $49.00 price target on Universal Technical Institute in a research report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $44.25.

Institutional Trading of Universal Technical Institute

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in Universal Technical Institute by 68.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 152,499 shares of the company’s stock worth $4,964,000 after purchasing an additional 61,971 shares in the last quarter. Chatham Capital Group Inc. increased its position in Universal Technical Institute by 73.3% during the 4th quarter. Chatham Capital Group Inc. now owns 68,512 shares of the company’s stock worth $1,790,000 after purchasing an additional 28,972 shares in the last quarter. Vanguard Group Inc. increased its position 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 worth $112,508,000 after purchasing an additional 141,426 shares in the last quarter. Granahan Investment Management LLC increased its position in Universal Technical Institute by 107.7% during the 3rd quarter. Granahan Investment Management LLC now owns 124,246 shares of the company’s stock worth $4,044,000 after purchasing an additional 64,421 shares in the last quarter. Finally, Pullen Investment Management LLC grew its holdings in Universal Technical Institute by 129.7% in the 4th quarter. Pullen Investment Management LLC now owns 51,052 shares of the company’s stock valued at $1,334,000 after buying an additional 28,831 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

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.