Linamar Co. (TSE:LNR) Director Purchases C$3,000,500.00 in Stock

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

Linamar Price Performance

Shares of LNR traded down C$0.90 during trading hours on Tuesday, reaching C$58.80. 60,822 shares of the company traded hands, compared to its average volume of 105,796. The stock has a fifty day simple moving average of C$61.37 and a 200 day simple moving average of C$63.87. Linamar Co. has a fifty-two week low of C$54.95 and a fifty-two week high of C$73.84. The stock has a market capitalization of C$3.62 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. The company has a quick ratio of 0.75, a current ratio of 1.68 and a debt-to-equity ratio of 46.32.

Linamar (TSE:LNR) last released its earnings results on Tuesday, November 12th. The company reported C$2.35 earnings per share for the quarter, topping the consensus estimate of C$2.15 by C$0.20. The firm had revenue of C$2.64 billion for the quarter, compared to the consensus estimate of C$2.75 billion. Linamar had a return on equity of 11.31% and a net margin of 5.77%. As a group, research analysts predict that Linamar Co. will post 11.4332724 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.