Linamar Corporation Buys 35,844 Shares of Linamar Co. (TSE:LNR) Stock

Linamar Co. (TSE:LNRGet Rating) insider Linamar Corporation purchased 35,844 shares of the business’s stock in a transaction on Friday, July 8th. The stock was acquired at an average price of C$56.06 per share, for a total transaction of C$2,009,522.17. Following the completion of the purchase, the insider now owns 282,276 shares of the company’s stock, valued at C$15,825,239.39.

Linamar Corporation also recently made the following trade(s):

  • On Wednesday, July 6th, Linamar Corporation bought 35,844 shares of Linamar stock. The shares were purchased at an average price of C$52.93 per share, for a total transaction of C$1,897,151.23.
  • On Monday, July 4th, Linamar Corporation bought 35,844 shares of Linamar stock. The shares were purchased at an average price of C$55.28 per share, for a total transaction of C$1,981,420.48.
  • On Friday, June 24th, Linamar Corporation bought 35,844 shares of Linamar stock. The shares were purchased at an average price of C$56.12 per share, for a total transaction of C$2,011,593.96.

Linamar Stock Performance

TSE LNR opened at C$58.15 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.55 and a debt-to-equity ratio of 17.09. Linamar Co. has a 52-week low of C$45.46 and a 52-week high of C$81.25. The business’s 50-day moving average price is C$55.83 and its 200 day moving average price is C$57.51. The firm has a market cap of C$3.80 billion and a P/E ratio of 10.50.

Linamar (TSE:LNRGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported C$1.08 earnings per share (EPS) for the quarter. The company had revenue of C$1.78 billion for the quarter. On average, equities research analysts expect that Linamar Co. will post 8.1400002 earnings per share for the current year.

Linamar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 8th. Shareholders of record on Friday, May 27th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Thursday, May 26th. Linamar’s dividend payout ratio is presently 13.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Scotiabank cut their target price on Linamar from C$85.00 to C$80.00 in a research report on Friday, July 8th. CIBC cut their target price on Linamar from C$85.00 to C$73.00 and set an “outperform” rating on the stock in a research report on Thursday, May 12th. Finally, TD Securities cut their target price on Linamar from C$83.00 to C$80.00 and set a “buy” rating on the stock in a research report on Thursday, May 12th.

About Linamar

(Get Rating)

Linamar Corporation, together with its subsidiaries, design, develop, and produce engineered products in Canada, North America, Europe, and the Asia Pacific. It operates through two segments, Mobility and Industrial. The Mobility segment engages in the design, development, and manufacture of precision metallic components, modules, and systems for vehicle and power generation markets.

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