Unique Fabricating (UFAB) Downgraded to Sell at Zacks Investment Research
Zacks Investment Research lowered shares of Unique Fabricating (NYSEAMERICAN:UFAB) from a hold rating to a sell rating in a research report sent to investors on Wednesday 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, B. Riley decreased their price target on shares of Unique Fabricating from $11.25 to $9.00 and set a buy rating on the stock in a research note on Tuesday, November 13th.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 28th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Wednesday, February 27th.
Several large investors have recently bought and sold shares of the company. First Wilshire Securities Management Inc. raised its stake in Unique Fabricating by 72.7% during the fourth quarter. First Wilshire Securities Management Inc. now owns 295,310 shares of the auto parts company’s stock worth $1,246,000 after purchasing an additional 124,310 shares during the period. Vanguard Group Inc raised its stake in Unique Fabricating by 1.5% during the third quarter. Vanguard Group Inc now owns 209,102 shares of the auto parts company’s stock worth $1,694,000 after purchasing an additional 3,100 shares during the period. LSV Asset Management raised its stake in Unique Fabricating by 58.9% during the third quarter. LSV Asset Management now owns 25,900 shares of the auto parts company’s stock worth $209,000 after purchasing an additional 9,600 shares during the period. Finally, BlackRock Inc. raised its stake in Unique Fabricating by 65.1% during the second quarter. BlackRock Inc. now owns 21,520 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 8,489 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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