Unique Fabricating’s (UFAB) “Speculative Buy” Rating Reiterated at Taglich Brothers

Taglich Brothers reiterated their speculative buy rating on shares of Unique Fabricating (NYSEAMERICAN:UFAB) in a report released on Wednesday morning. Taglich Brothers also issued estimates for Unique Fabricating’s FY2019 earnings at $1.23 EPS.

Several other brokerages have also recently issued reports on UFAB. Zacks Investment Research cut Unique Fabricating from a buy rating to a hold rating in a report on Thursday, August 9th. Roth Capital reissued a buy rating on shares of Unique Fabricating in a report on Wednesday, May 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $10.63.

Shares of UFAB stock opened at $7.64 on Wednesday. Unique Fabricating has a 52-week low of $7.05 and a 52-week high of $9.70.

Unique Fabricating (NYSEAMERICAN:UFAB) last issued its quarterly earnings data on Thursday, August 9th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The business had revenue of $45.74 million during the quarter, compared to analysts’ expectations of $47.27 million. Unique Fabricating had a return on equity of 5.67% and a net margin of 1.73%.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 31st were issued a $0.15 dividend. The ex-dividend date was Thursday, August 30th. This represents a $0.60 dividend on an annualized basis and a yield of 7.85%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bailard Inc. acquired a new position in Unique Fabricating in the 2nd quarter worth about $313,000. North Star Investment Management Corp. acquired a new position in Unique Fabricating in the 2nd quarter worth about $786,000. Pacific Ridge Capital Partners LLC raised its holdings in Unique Fabricating by 2.8% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 483,826 shares of the auto parts company’s stock worth $4,083,000 after purchasing an additional 13,290 shares during the period. Dimensional Fund Advisors LP raised its holdings in Unique Fabricating by 42.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 34,918 shares of the auto parts company’s stock worth $295,000 after purchasing an additional 10,402 shares during the period. Finally, Ancora Advisors LLC raised its holdings in Unique Fabricating by 20.0% in the 1st quarter. Ancora Advisors LLC now owns 90,172 shares of the auto parts company’s stock worth $761,000 after purchasing an additional 15,020 shares during the period.

About Unique Fabricating

Unique Fabricating, Inc engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration, harshness, acoustical management, water and air sealing, decorative, and other functional applications. It offers die cut products, such as trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation products, as well as heating, ventilation, and air conditioning (HVAC) seals; thermoformed and compression molded products, including HVAC air ducts, door water shields, evaporator liners, console bin mats and fender insulators, and others; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals.

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