Universal Technical Institute (NYSE:UTI) Insider Kevin Prehn Sells 4,545 Shares

Universal Technical Institute Inc (NYSE:UTI) insider Kevin Prehn sold 4,545 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total value of $181,800.00. Following the completion of the transaction, the insider owned 27,025 shares of the company’s stock, valued at $1,081,000. The trade was a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Universal Technical Institute Price Performance

UTI opened at $39.39 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $2.17 billion, a PE ratio of 51.16, a P/E/G ratio of 3.49 and a beta of 1.25. The company’s 50 day simple moving average is $38.70 and its 200 day simple moving average is $33.57. 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) last posted 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 return on equity of 13.02% and a net margin of 4.91%.The firm had revenue of $221.40 million during the quarter, compared to the consensus estimate of $221.61 million. As a group, sell-side analysts expect that Universal Technical Institute Inc will post 0.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UTI shares. Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a report on Thursday, April 30th. Rosenblatt Securities increased their price objective on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Barrington Research lifted their price objective on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Finally, Weiss Ratings raised Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

Institutional Trading of Universal Technical Institute

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. acquired a new position in Universal Technical Institute during the second quarter valued at approximately $27,000. PNC Financial Services Group Inc. raised its holdings in Universal Technical Institute by 543.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after acquiring an additional 750 shares during the period. Clearstead Advisors LLC lifted its position in Universal Technical Institute by 187.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after acquiring an additional 943 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Universal Technical Institute during the 1st quarter worth $57,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Universal Technical Institute by 4,500.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock worth $142,000 after purchasing an additional 5,310 shares during the period. Institutional investors and hedge funds 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.