Zacks Investment Research downgraded shares of Unique Fabricating (NYSEAMERICAN:UFAB) from a strong-buy rating to a hold rating in a report issued on Thursday morning.
According to Zacks, “Unique Fabricating, Inc. is a supplier of components in the automotive and industrial appliance market. The Company’s solutions comprised of multi-material foam, rubber and plastic components for noise, vibration and harshness management, acoustical management, water and air sealing, decorative and other functional applications. Its processes include die cutting, thermoforming, compression molding, fusion molding and assembly. The company operates primarily in Auburn Hills, Michigan, LaFayette, Georgia and Monterrey, Mexico. Unique Fabricating, Inc. is headquartered in Auburn Hills, Michigan. “
Separately, TheStreet raised Unique Fabricating from a d+ rating to a c- rating in a report on Tuesday, January 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Unique Fabricating currently has a consensus rating of Buy and an average target price of $10.75.
Unique Fabricating (NYSEAMERICAN:UFAB) last released its earnings results on Thursday, March 8th. The auto parts company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. Unique Fabricating had a return on equity of 5.67% and a net margin of 1.73%. The firm had revenue of $41.68 million during the quarter, compared to the consensus estimate of $41.31 million.
A number of large investors have recently made changes to their positions in the business. Connors Investor Services Inc. raised its stake in shares of Unique Fabricating by 47.9% during the 4th quarter. Connors Investor Services Inc. now owns 41,669 shares of the auto parts company’s stock worth $309,000 after buying an additional 13,498 shares during the period. Perritt Capital Management Inc. raised its stake in shares of Unique Fabricating by 25.0% during the 4th quarter. Perritt Capital Management Inc. now owns 75,000 shares of the auto parts company’s stock worth $557,000 after buying an additional 15,000 shares during the period. Royce & Associates LP raised its stake in shares of Unique Fabricating by 3.3% during the 4th quarter. Royce & Associates LP now owns 583,141 shares of the auto parts company’s stock worth $4,327,000 after buying an additional 18,752 shares during the period. Weber Alan W raised its stake in shares of Unique Fabricating by 42.7% during the 4th quarter. Weber Alan W now owns 88,100 shares of the auto parts company’s stock worth $654,000 after buying an additional 26,371 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its stake in shares of Unique Fabricating by 60.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 470,536 shares of the auto parts company’s stock worth $3,491,000 after buying an additional 177,566 shares during the period.
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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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