Universal Technical Institute, Inc. (NYSE:UTI) Director Kenneth R. Trammell Sells 30,000 Shares

Universal Technical Institute, Inc. (NYSE:UTI) Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 128,205 shares in the company, valued at approximately $3,323,073.60. The trade was a 18.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Universal Technical Institute Stock Down 0.7 %

Shares of NYSE UTI opened at $25.87 on Friday. Universal Technical Institute, Inc. has a 12-month low of $10.46 and a 12-month high of $26.43. The stock’s fifty day simple moving average is $18.30 and its two-hundred day simple moving average is $17.03. The stock 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 company has a current ratio of 1.08, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On Universal Technical Institute

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

Wall Street Analyst Weigh In

Several research analysts recently commented on UTI shares. Northland Securities raised their price target on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Rosenblatt Securities lifted their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial boosted their price target on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Barrington Research raised their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $25.33.

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.