Universal Technical Institute Inc (NYSE:UTI – Get Free Report) CEO Jerome Alan Grant sold 94,500 shares of Universal Technical Institute stock in a transaction on Monday, June 29th. The shares were sold at an average price of $41.40, for a total value of $3,912,300.00. Following the completion of the transaction, the chief executive officer owned 335,715 shares in the company, valued at $13,898,601. This represents a 21.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Universal Technical Institute Stock Up 3.6%
Shares of UTI stock traded up $1.48 during mid-day trading on Tuesday, hitting $42.83. 556,074 shares of the stock traded hands, compared to its average volume of 1,126,748. Universal Technical Institute Inc has a 52-week low of $21.29 and a 52-week high of $45.74. The stock’s fifty day moving average is $39.09 and its two-hundred day moving average is $34.04. 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 stock has a market cap of $2.36 billion, a P/E ratio of 55.62, a P/E/G ratio of 3.63 and a beta of 1.25.
Universal Technical Institute (NYSE:UTI – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The company had revenue of $221.40 million during the quarter, compared to the consensus estimate of $221.61 million. Equities analysts predict that Universal Technical Institute Inc will post 0.76 EPS for the current year.
Institutional Trading of Universal Technical Institute
Analyst Ratings Changes
Several analysts have weighed in on UTI shares. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a research report on Thursday, May 7th. Rosenblatt Securities lifted their price objective on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Griffin Securities set a $49.00 target price on Universal Technical Institute in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.80.
Get Our Latest Analysis on Universal Technical Institute
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.
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