Linamar (TSE:LNR) Stock Price Passes Above Two Hundred Day Moving Average of $64.48

Shares of Linamar Co. (TSE:LNR) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$64.48 and traded as high as C$64.67. Linamar shares last traded at C$64.01, with a volume of 97,511 shares traded.

Analyst Upgrades and Downgrades

LNR has been the topic of several research analyst reports. CIBC reduced their price target on shares of Linamar from C$91.50 to C$90.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. Scotiabank increased their price target on shares of Linamar from C$82.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$82.20.

Linamar Trading Down 0.0 %

The stock has a market cap of C$3.94 billion, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 1.12 and a beta of 1.45. The firm’s 50 day moving average is C$68.02 and its two-hundred day moving average is C$64.48. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 33.30.

Linamar (TSE:LNR) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$1.98 EPS for the quarter, beating the consensus estimate of C$1.75 by C$0.23. Linamar had a net margin of 5.17% and a return on equity of 9.93%. The company had revenue of C$2.45 billion for the quarter, compared to analyst estimates of C$2.40 billion. Equities analysts anticipate that Linamar Co. will post 10.0864553 EPS for the current year.

Linamar Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.25 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. This is a positive change from Linamar’s previous quarterly dividend of $0.22. Linamar’s dividend payout ratio (DPR) is presently 12.24%.

Insider Activity

In other Linamar news, Senior Officer Michael Willard Russell bought 586 shares of Linamar stock in a transaction that occurred on Monday, March 18th. The stock was purchased 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 approximately C$40,978.98. Insiders own 35.92% of the company’s stock.

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 and powered vehicle markets.