Linamar Co. (TSE:LNR) Senior Officer Purchases C$40,978.98 in Stock

Linamar Co. (TSE:LNR) Senior Officer Michael Willard Russell purchased 586 shares of the stock in a transaction dated Monday, March 18th. The shares were acquired at an average cost of C$69.93 per share, for a total transaction of C$40,978.98. Following the completion of the acquisition, the insider now owns 586 shares of the company’s stock, valued at C$40,978.98.

Michael Willard Russell also recently made the following trade(s):

• On Monday, March 11th, Michael Willard Russell sold 2,022 shares of Linamar stock. The shares were sold at an average price of C$69.18, for a total transaction of C$139,881.96.

Linamar Trading Down 0.8 %

Shares of TSE:LNR opened at C$69.56 on Friday. Linamar Co. has a 12-month low of C$56.78 and a 12-month high of C$78.89. The company has a market cap of C$4.28 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.45. The stock has a 50 day moving average of C$67.99 and a 200 day moving average of C$64.35. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 33.30.

Linamar (TSE:LNR) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C$1.98 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.75 by C$0.23. The business had revenue of C$2.45 billion during the quarter, compared to analyst estimates of C$2.40 billion. Linamar had a net margin of 5.17% and a return on equity of 9.93%. As a group, equities research analysts expect that Linamar Co. will post 10.0840336 EPS for the current year.

Linamar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.00 annualized dividend and a yield of 1.44%. This is an increase from Linamar’s previous quarterly dividend of $0.22. Linamar’s dividend payout ratio is currently 12.24%.

Analyst Upgrades and Downgrades

LNR has been the topic of several research reports. Scotiabank raised their target price on shares of Linamar from C$82.00 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. CIBC cut their price objective on Linamar from C$93.00 to C$91.50 and set an “outperform” rating for the company in a report on Thursday, March 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Linamar has an average rating of “Moderate Buy” and a consensus price target of C$82.50.

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 powered vehicle markets.