Insider Selling: Universal Technical Institute, Inc. (NYSE:UTI) Director Sells 30,000 Shares of Stock

Universal Technical Institute, Inc. (NYSE:UTI) Director Kenneth R. Trammell sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total value of $777,600.00. Following the sale, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Universal Technical Institute Stock Down 0.7 %

Shares of NYSE:UTI opened at $25.87 on Friday. The firm has a market capitalization of $1.39 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34. The business has a 50 day simple moving average of $18.11 and a two-hundred day simple moving average of $16.96. Universal Technical Institute, Inc. has a 1 year low of $10.46 and a 1 year high of $26.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.02.

Analysts Set New Price Targets

UTI has been the subject of several research reports. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Rosenblatt Securities lifted their price target on Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Northland Securities boosted their price objective on Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Barrington Research raised their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Lake Street Capital lifted their target price on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Universal Technical Institute has a consensus rating of “Buy” and a consensus target price of $25.33.

Institutional Investors Weigh In On Universal Technical Institute

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Universal Technical Institute by 55.0% in the first quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock worth $37,872,000 after purchasing an additional 842,765 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Universal Technical Institute by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,004,788 shares of the company’s stock worth $31,533,000 after purchasing an additional 36,135 shares during the last quarter. Geode Capital Management LLC increased its stake in Universal Technical Institute by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock worth $15,496,000 after buying an additional 85,417 shares during the period. FMR LLC lifted its holdings in Universal Technical Institute by 73,048.1% during the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock valued at $14,296,000 after buying an additional 878,038 shares in the last quarter. Finally, State Street Corp boosted its position in Universal Technical Institute by 3.6% in the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after buying an additional 29,461 shares during the period. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.