Linamar Co. (TSE:LNR) Insider Linamar Corporation Buys 15,000 Shares of Stock

Linamar Co. (TSE:LNR) insider Linamar Corporation bought 15,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were bought at an average cost of C$63.01 per share, with a total value of C$945,097.50.

Linamar Corporation also recently made the following trade(s):

• On Friday, November 29th, Linamar Corporation bought 25,101 shares of Linamar stock. The stock was purchased at an average price of C$60.95 per share, for a total transaction of C$1,529,963.68.

Linamar Stock Performance

TSE:LNR opened at C$62.54 on Tuesday. The firm has a market capitalization of C$3.85 billion, a PE ratio of 6.38, a PEG ratio of 1.12 and a beta of 1.41. Linamar Co. has a 1 year low of C$54.95 and a 1 year high of C$73.84. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 46.32. The firm’s fifty day simple moving average is C$61.61 and its 200 day simple moving average is C$64.18.

Linamar (TSE:LNR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$2.35 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.15 by C$0.20. Linamar had a net margin of 5.77% and a return on equity of 11.31%. The firm had revenue of C$2.64 billion during the quarter, compared to the consensus estimate of C$2.75 billion. On average, sell-side analysts anticipate that Linamar Co. will post 11.4332724 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on LNR. Raymond James reduced their price target on Linamar from C$74.00 to C$70.00 in a report on Thursday, November 14th. BMO Capital Markets reduced their target price on shares of Linamar from C$80.00 to C$75.00 in a research note on Wednesday, November 13th. Scotiabank lowered shares of Linamar from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$86.00 to C$77.00 in a research note on Tuesday, October 29th. TD Securities downgraded shares of Linamar from a “buy” rating to a “hold” rating and cut their price target for the company from C$89.00 to C$68.00 in a report on Wednesday, November 13th. Finally, CIBC decreased their price objective on shares of Linamar from C$85.00 to C$84.00 in a report on Thursday, November 14th.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.