Unique Fabricating (UFAB) Receives “Speculative Buy” Rating from Taglich Brothers

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

A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Unique Fabricating from a buy rating to a hold rating in a report on Thursday, August 9th. Roth Capital reiterated a buy rating on shares of Unique Fabricating in a report on Wednesday, May 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Unique Fabricating currently has an average rating of Buy and a consensus target price of $10.63.

Shares of NYSEAMERICAN:UFAB opened at $7.64 on Wednesday. Unique Fabricating has a 12-month low of $7.05 and a 12-month high of $9.70.

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

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

A number of hedge funds have recently made changes to their positions in the stock. Pacific Ridge Capital Partners LLC grew its stake in Unique Fabricating by 2.8% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 483,826 shares of the auto parts company’s stock valued at $4,083,000 after purchasing an additional 13,290 shares during the last quarter. Ancora Advisors LLC grew its stake in Unique Fabricating by 20.0% during the 1st quarter. Ancora Advisors LLC now owns 90,172 shares of the auto parts company’s stock valued at $761,000 after purchasing an additional 15,020 shares during the last quarter. North Star Investment Management Corp. purchased a new stake in Unique Fabricating during the 2nd quarter valued at about $786,000. Renaissance Technologies LLC grew its stake in Unique Fabricating by 274.6% during the 2nd quarter. Renaissance Technologies LLC now owns 79,800 shares of the auto parts company’s stock valued at $697,000 after purchasing an additional 58,500 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in Unique Fabricating during the 2nd quarter valued at about $313,000.

Unique Fabricating Company Profile

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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