Martinrea International (TSE:MRE) Insider Hany Morsy Acquires 4,400 Shares of Stock

Martinrea International Inc. (TSE:MRE) insider Hany Morsy bought 4,400 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of C$10.56 per share, with a total value of C$46,464.00. Following the completion of the acquisition, the insider owned 9,000 shares of the company’s stock, valued at C$95,040. This trade represents a 95.65% increase in their position.

Martinrea International Trading Down 1.9%

TSE:MRE opened at C$10.29 on Wednesday. The firm has a market cap of C$729.50 million, a PE ratio of 6.35, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. The stock has a fifty day moving average price of C$10.32 and a 200 day moving average price of C$10.18. Martinrea International Inc. has a 12-month low of C$8.16 and a 12-month high of C$11.72. The company has a current ratio of 1.27, a quick ratio of 0.68 and a debt-to-equity ratio of 77.11.

Martinrea International (TSE:MRE) last released its earnings results on Thursday, April 30th. The company reported C$0.45 earnings per share (EPS) for the quarter. The firm had revenue of C$1.13 billion during the quarter. Martinrea International had a return on equity of 7.74% and a net margin of 2.46%. Sell-side analysts anticipate that Martinrea International Inc. will post 2.4988962 earnings per share for the current fiscal year.

Martinrea International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a $0.05 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. Martinrea International’s dividend payout ratio (DPR) is 12.35%.

Analyst Upgrades and Downgrades

MRE has been the subject of a number of recent research reports. TD Securities lifted their target price on Martinrea International from C$14.00 to C$15.00 and gave the company a “buy” rating in a report on Friday, March 6th. BMO Capital Markets decreased their target price on Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating for the company in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$12.83.

About Martinrea International

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.