Michael Willard Russell Acquires 586 Shares of Linamar Co. (TSE:LNR) Stock

Linamar Co. (TSE:LNR) Senior Officer Michael Willard Russell purchased 586 shares of Linamar stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of C$69.93 per share, with a total value of C$40,978.98. Following the acquisition, the insider now directly owns 586 shares in the company, valued at approximately 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 stock was sold at an average price of C$69.18, for a total value of C$139,881.96.

Linamar Trading Down 0.8 %

Shares of Linamar stock opened at C$69.56 on Friday. The firm has a market capitalization of C$4.28 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.12 and a beta of 1.45. Linamar Co. has a fifty-two week low of C$56.78 and a fifty-two week high of C$78.89. The company has a debt-to-equity ratio of 33.30, a quick ratio of 0.75 and a current ratio of 1.59. The stock has a 50 day moving average of C$67.99 and a 200 day moving average of C$64.37.

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

Linamar Increases Dividend

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

Analysts Set New Price Targets

LNR has been the subject of a number of analyst reports. Scotiabank upped their price target on Linamar from C$82.00 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. CIBC reduced their target price 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$82.50.

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 powered vehicle markets.