Linamar Co. (TSE:LNR) Insider Linamar Corporation Buys 60,000 Shares

Linamar Co. (TSE:LNR) insider Linamar Corporation bought 60,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was bought at an average cost of C$39.98 per share, with a total value of C$2,398,686.00. Following the completion of the purchase, the insider now directly owns 300,000 shares in the company, valued at C$11,993,430.

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

  • On Wednesday, August 21st, Linamar Corporation bought 60,000 shares of Linamar stock. The stock was bought at an average cost of C$40.87 per share, with a total value of C$2,452,332.00.
  • On Thursday, August 15th, Linamar Corporation bought 60,000 shares of Linamar stock. The stock was bought at an average cost of C$38.66 per share, with a total value of C$2,319,786.00.
  • On Tuesday, August 13th, Linamar Corporation bought 60,000 shares of Linamar stock. The stock was bought at an average cost of C$39.34 per share, with a total value of C$2,360,280.00.

Shares of TSE:LNR traded down C$0.06 during midday trading on Thursday, reaching C$40.71. 41,999 shares of the company’s stock were exchanged, compared to its average volume of 188,227. The firm’s 50 day simple moving average is C$43.07 and its two-hundred day simple moving average is C$47.10. The company has a debt-to-equity ratio of 66.42, a current ratio of 2.01 and a quick ratio of 1.27. The stock has a market cap of $2.65 billion and a price-to-earnings ratio of 4.75. Linamar Co. has a fifty-two week low of C$37.34 and a fifty-two week high of C$67.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 23rd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, August 22nd. Linamar’s payout ratio is 5.60%.

A number of analysts have issued reports on the company. CIBC cut their target price on Linamar from C$61.00 to C$56.00 in a research note on Friday, August 9th. BMO Capital Markets cut their price objective on Linamar from C$56.00 to C$45.00 in a research report on Friday, August 9th. Finally, TD Securities cut their price objective on Linamar from C$53.00 to C$48.00 and set a “hold” rating for the company in a research report on Friday, August 9th.

Linamar Company Profile

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the Rest of North America, the Asia Pacific, Mexico, and Europe. It operates through two segments, Industrial and Transportation. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.

Further Reading: How to Use a Moving Average for Trading 

Insider Buying and Selling by Quarter for Linamar (TSE:LNR)

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