Jerome Alan Grant Sells 94,500 Shares of Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute Inc (NYSE:UTI) CEO Jerome Alan Grant sold 94,500 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the completion of the transaction, the chief executive officer directly owned 335,715 shares in the company, valued at approximately $13,898,601. This represents a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $47.04 on Thursday. The firm has a 50 day moving average of $39.26 and a 200-day moving average of $34.19. The stock has a market capitalization of $2.59 billion, a PE ratio of 61.09, a PEG ratio of 3.75 and a beta of 1.22. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. Universal Technical Institute Inc has a 12 month low of $21.29 and a 12 month high of $47.21.

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. The business had revenue of $221.40 million for the quarter, compared to analyst estimates of $221.61 million. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. On average, equities research analysts predict that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of Universal Technical Institute during the 2nd quarter valued at $27,000. PNC Financial Services Group Inc. increased 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 purchasing an additional 750 shares in the last quarter. Clearstead Advisors LLC increased its holdings in Universal Technical Institute by 187.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after purchasing an additional 943 shares in the last quarter. NewEdge Advisors LLC bought a new position in Universal Technical Institute in the first quarter valued at about $57,000. Finally, SBI Securities Co. Ltd. raised its position in 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 valued at $142,000 after purchasing an additional 5,310 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Northland Securities set a $41.00 price target on Universal Technical Institute in a research note on Thursday, May 7th. Rosenblatt Securities upped their price objective on Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Truist Financial raised their price objective on Universal Technical Institute from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Monday. Griffin Securities set a $49.00 target price on Universal Technical Institute in a research report on Thursday, April 30th. Finally, B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Universal Technical Institute has an average rating of “Moderate Buy” and a consensus target price of $44.80.

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.