Linamar (TSE:LNR) Insider Csaba Havasi Sells 3,000 Shares

Linamar Co. (TSE:LNR) insider Csaba Havasi sold 3,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total transaction of C$292,410.00. Following the sale, the insider directly owned 71,543 shares in the company, valued at approximately C$6,973,296.21. This represents a 4.02% decrease in their position.

Linamar Trading Up 2.0%

LNR opened at C$95.28 on Friday. Linamar Co. has a 1-year low of C$60.11 and a 1-year high of C$99.97. The stock has a market capitalization of C$5.64 billion, a PE ratio of 9.07, a PEG ratio of 1.12 and a beta of 1.68. The company has a current ratio of 1.50, a quick ratio of 0.75 and a debt-to-equity ratio of 35.07. The firm has a 50-day moving average price of C$87.95 and a two-hundred day moving average price of C$85.92.

Linamar (TSE:LNR) last released its quarterly earnings results on Thursday, May 7th. The company reported C$3.28 EPS for the quarter. The business had revenue of C$2.94 billion for the quarter. Linamar had a net margin of 5.90% and a return on equity of 10.37%. As a group, equities analysts anticipate that Linamar Co. will post 11.4332724 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LNR shares. TD Securities boosted their target price on Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Scotia lifted their price objective on Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce boosted their price objective on Linamar from C$105.00 to C$110.00 in a report on Thursday, May 7th. Raymond James Financial raised their target price on shares of Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. Finally, TD lifted their price target on shares of Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$102.57.

Linamar Company Profile

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company’s Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.