Francesco Barbara Purchases 12,333 Shares of Martinrea International (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE) insider Francesco Barbara bought 12,333 shares of the stock in a transaction dated Thursday, March 19th. The stock was purchased at an average cost of C$8.95 per share, for a total transaction of C$110,380.35. Following the acquisition, the insider owned 54,119 shares of the company’s stock, valued at approximately C$484,365.05. This represents a 29.51% increase in their ownership of the stock.

Martinrea International Stock Performance

TSE MRE opened at C$9.36 on Monday. The stock has a market capitalization of C$674.00 million, a P/E ratio of 6.37, a P/E/G ratio of 0.82 and a beta of 1.82. Martinrea International Inc. has a 52-week low of C$6.12 and a 52-week high of C$11.62. The firm has a 50-day moving average price of C$9.93 and a 200 day moving average price of C$10.19. The company has a quick ratio of 0.68, a current ratio of 1.19 and a debt-to-equity ratio of 74.05.

Martinrea International (TSE:MRE) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.67 earnings per share for the quarter. Martinrea International had a return on equity of 7.13% and a net margin of 2.22%.The company had revenue of C$1.19 billion for the quarter. Equities research analysts expect that Martinrea International Inc. will post 2.4988962 EPS for the current year.

Martinrea International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.1%. Martinrea International’s payout ratio is 13.61%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. TD Securities increased their price objective on Martinrea International from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. BMO Capital Markets decreased their target price on shares of Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating on the stock in a research report on Friday, March 6th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.63.

Martinrea International Company Profile

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.