Universal Technical Institute director sells $220k in stock

Published 27/02/2025, 23:04
Universal Technical Institute director sells $220k in stock

George W. Brochick, a director at Universal Technical Institute Inc . (NYSE:UTI), which has seen its stock surge 90% over the past year and maintains a "GREAT" financial health score according to InvestingPro, recently sold 8,000 shares of the company’s common stock. The transaction, which took place on February 26, 2025, brought in a total of approximately $220,759, with shares sold at an average price of $27.5949 each. Following this sale, Brochick holds 34,917 shares in the company. The transaction was disclosed in a filing with the Securities and Exchange Commission. With analyst price targets ranging from $31 to $36, suggesting potential upside, and revenue growing at 14.7%, investors can access detailed valuation metrics and 8 additional key insights through InvestingPro’s comprehensive research report.

In other recent news, Universal Technical Institute (UTI) reported financial results that exceeded expectations, prompting Rosenblatt Securities to raise its price target for the company’s shares from $30 to $36 while maintaining a Buy rating. Rosenblatt cited UTI’s strong corporate partnerships and successful student outcomes as key factors behind the company’s impressive performance. Analyst Steve Frankel emphasized UTI’s effective strategies and the high return on investment for students as significant contributors to the company’s success. Additionally, UTI announced the expansion of its Manufacturer Specific Advanced Training (MSAT) offerings with the inclusion of Tesla (NASDAQ:TSLA)’s START Collision Repair program, set to launch at its Long Beach campus in Spring 2025. This program aims to provide graduates with specialized skills for careers at Tesla, marking a notable collaboration between the two entities. UTI is currently the only educational institution offering Tesla’s START program, highlighting its commitment to innovation in the automotive sector. The partnership with Tesla is expected to enhance UTI’s position in the job market by preparing students with advanced skills tailored to industry needs.

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