Unique Fabricating (UFAB) Lifted to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Unique Fabricating (NYSEAMERICAN:UFAB) from a sell rating to a hold rating in a report published on Friday 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. “
NYSEAMERICAN:UFAB opened at $7.64 on Friday. Unique Fabricating has a one year low of $7.05 and a one year high of $9.70.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.85%. The ex-dividend date of this dividend was Thursday, August 30th.
Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its stake in shares of Unique Fabricating by 274.6% in the second quarter. Renaissance Technologies LLC now owns 79,800 shares of the auto parts company’s stock worth $697,000 after acquiring an additional 58,500 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Unique Fabricating by 65.1% in the second quarter. BlackRock Inc. now owns 21,520 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 8,489 shares in the last quarter. Bailard Inc. acquired a new position in shares of Unique Fabricating in the second quarter worth about $313,000. North Star Investment Management Corp. acquired a new position in shares of Unique Fabricating in the second quarter worth about $786,000. Finally, Ancora Advisors LLC lifted its stake in shares of Unique Fabricating by 20.0% in the first quarter. Ancora Advisors LLC now owns 90,172 shares of the auto parts company’s stock worth $761,000 after acquiring an additional 15,020 shares in the last quarter.
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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