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

Linamar Co. (TSE:LNR) insider Linamar Corporation purchased 15,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were bought at an average cost of C$63.01 per share, for a total transaction 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 shares were acquired at an average price of C$60.95 per share, for a total transaction of C$1,529,963.68.

Linamar Trading Down 0.8 %

LNR opened at C$62.02 on Wednesday. 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 business’s 50 day moving average price is C$61.57 and its 200 day moving average price is C$64.11. Linamar Co. has a one year low of C$54.95 and a one year high of C$73.84. The stock has a market capitalization of C$3.82 billion, a PE ratio of 6.33, a P/E/G 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, topping analysts’ consensus estimates of C$2.15 by C$0.20. Linamar had a return on equity of 11.31% and a net margin of 5.77%. The company had revenue of C$2.64 billion for the quarter, compared to analysts’ expectations of C$2.75 billion. As a group, equities research analysts expect that Linamar Co. will post 11.4332724 EPS for the current year.

Wall Street Analyst Weigh In

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