Unique Fabricating (NYSEAMERICAN:UFAB) released its earnings results on Friday. The auto parts company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.07), MarketWatch Earnings reports. The business had revenue of $42.05 million for the quarter, compared to analyst estimates of $44.27 million. Unique Fabricating updated its FY 2018 guidance to $0.58-0.62 EPS.
Shares of UFAB stock traded down $1.30 during trading on Friday, hitting $6.76. 32,812 shares of the stock traded hands, compared to its average volume of 11,945. Unique Fabricating has a 52-week low of $6.74 and a 52-week high of $9.70.
Several hedge funds have recently added to or reduced their stakes in UFAB. Dimensional Fund Advisors LP raised its position in shares of Unique Fabricating by 42.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 34,918 shares of the auto parts company’s stock valued at $295,000 after buying an additional 10,402 shares during the period. North Star Investment Management Corp. purchased a new stake in shares of Unique Fabricating during the 2nd quarter valued at approximately $786,000. Bailard Inc. purchased a new stake in shares of Unique Fabricating during the 2nd quarter valued at approximately $313,000. BlackRock Inc. raised its position in shares of Unique Fabricating by 65.1% during the 2nd quarter. BlackRock Inc. now owns 21,520 shares of the auto parts company’s stock valued at $188,000 after buying an additional 8,489 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of 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 buying an additional 58,500 shares during the period.
A number of research analysts have weighed in on UFAB shares. Taglich Brothers reissued a “speculative buy” rating on shares of Unique Fabricating in a research note on Wednesday, September 12th. Zacks Investment Research raised shares of Unique Fabricating from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research note on Friday, October 12th.
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.
Read More: What is a stock buyback?
Receive News & Ratings for Unique Fabricating Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unique Fabricating and related companies with MarketBeat.com's FREE daily email newsletter.