Linda Hasenfratz Buys 50,000 Shares of Linamar Co. (TSE:LNR) Stock

Linamar Co. (TSE:LNR) Director Linda Hasenfratz acquired 50,000 shares of Linamar stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of C$60.01 per share, with a total value of C$3,000,500.00.

Linamar Stock Down 3.6 %

Shares of LNR stock opened at C$56.57 on Thursday. The stock’s 50 day simple moving average is C$61.10 and its 200 day simple moving average is C$63.70. Linamar Co. has a twelve month low of C$54.95 and a twelve month high of C$73.84. The company has a debt-to-equity ratio of 46.32, a quick ratio of 0.75 and a current ratio of 1.68. The company has a market capitalization of C$3.48 billion, a price-to-earnings ratio of 5.77, a PEG ratio of 1.12 and a beta of 1.41.

Linamar (TSE:LNR) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$2.35 EPS 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 company had revenue of C$2.64 billion for the quarter, compared to analyst estimates of C$2.75 billion. As a group, research analysts predict that Linamar Co. will post 11.4332724 EPS for the current year.

Analysts Set New Price Targets

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

About Linamar

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.