Unique Fabricating (NYSEAMERICAN:UFAB) had its price target decreased by B. Riley from $11.25 to $9.00 in a report published on Tuesday. B. Riley currently has a buy rating on the auto parts company’s stock.

Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Unique Fabricating from a hold rating to a buy rating and set a $8.75 price target on the stock in a research note on Friday, October 12th. Taglich Brothers restated a speculative buy rating on shares of Unique Fabricating in a research note on Wednesday, September 12th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $8.88.

Shares of NYSEAMERICAN:UFAB opened at $7.10 on Tuesday. Unique Fabricating has a 52 week low of $6.64 and a 52 week high of $9.70.

Unique Fabricating (NYSEAMERICAN:UFAB) last announced its quarterly earnings results on Friday, November 9th. The auto parts company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $42.05 million for the quarter, compared to the consensus estimate of $44.27 million.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 8.45%.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. increased 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 valued at $188,000 after purchasing an additional 8,489 shares during the period. LSV Asset Management increased its stake in shares of Unique Fabricating by 58.9% in the third quarter. LSV Asset Management now owns 25,900 shares of the auto parts company’s stock valued at $209,000 after purchasing an additional 9,600 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Unique Fabricating by 42.4% in the first quarter. Dimensional Fund Advisors LP now owns 34,918 shares of the auto parts company’s stock valued at $295,000 after acquiring an additional 10,402 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Unique Fabricating by 29.6% in the third quarter. North Star Investment Management Corp. now owns 116,539 shares of the auto parts company’s stock valued at $944,000 after acquiring an additional 26,639 shares in the last quarter. Finally, Bailard Inc. bought a new position in shares of Unique Fabricating in the second quarter valued at approximately $313,000.

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.

Further Reading: Outstanding Shares

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