Universal Technical Institute (NYSE:UTI) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Universal Technical Institute (NYSE:UTI) issued its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02, FiscalAI reports. The company had revenue of $218.91 million during the quarter, compared to analyst estimates of $220.40 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%.

Universal Technical Institute Stock Up 0.5%

UTI stock traded up $0.22 during mid-day trading on Wednesday, reaching $42.45. The company had a trading volume of 969,704 shares, compared to its average volume of 900,981. The firm has a fifty day simple moving average of $41.78 and a 200 day simple moving average of $36.92. 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 company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 55.13, a price-to-earnings-growth ratio of 3.62 and a beta of 1.25. Universal Technical Institute has a fifty-two week low of $21.29 and a fifty-two week high of $51.34.

Insider Buying and Selling

In other Universal Technical Institute news, Director Linda J. Srere sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $36.59, for a total transaction of $548,850.00. Following the transaction, the director owned 127,564 shares of the company’s stock, valued at approximately $4,667,566.76. This trade represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $41.40, for a total value of $124,200,000.00. Following the completion of the sale, the director directly owned 971,440 shares of the company’s stock, valued at $40,217,616. The trade was a 75.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,117,545 shares of company stock valued at $128,998,420 over the last ninety days. 9.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Universal Technical Institute

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Universal Technical Institute by 47.6% during the first quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock worth $1,144,000 after acquiring an additional 14,364 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Universal Technical Institute in the 1st quarter valued at $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Universal Technical Institute by 23.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock worth $711,000 after purchasing an additional 5,216 shares during the period. NewEdge Advisors LLC acquired a new stake in Universal Technical Institute during the 1st quarter worth $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Universal Technical Institute by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock worth $2,163,000 after purchasing an additional 9,951 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Weiss Ratings raised Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Barrington Research raised their price objective on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Truist Financial boosted their price objective on shares of Universal Technical Institute from $40.00 to $47.00 and gave the company a “buy” rating in a report on Monday, June 29th. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a research report on Thursday, May 7th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

Universal Technical Institute Company Profile

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.