Linamar (TSE:LNR) Director Sells C$1,998,840.56 in Stock

Linamar Co. (TSE:LNR) Director Mark Stoddart sold 18,932 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$105.58, for a total value of C$1,998,840.56. Following the sale, the director owned 455,914 shares of the company’s stock, valued at C$48,135,400.12. This trade represents a 3.99% decrease in their ownership of the stock.

Linamar Price Performance

Shares of LNR stock opened at C$98.38 on Friday. The stock’s 50-day moving average is C$102.56 and its 200 day moving average is C$95.82. Linamar Co. has a 1-year low of C$70.00 and a 1-year high of C$110.58. The company has a debt-to-equity ratio of 32.89, a current ratio of 1.88 and a quick ratio of 0.75. The company has a market cap of C$5.80 billion, a P/E ratio of 8.58, a PEG ratio of 1.12 and a beta of 1.71.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce lifted their price objective on shares of Linamar from C$115.00 to C$120.00 in a research report on Thursday, August 13th. Scotiabank increased their target price on shares of Linamar from C$102.00 to C$114.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. Scotia raised their target price on shares of Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. TD lifted their price target on shares of Linamar from C$119.00 to C$123.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Raymond James Financial upped their price target on Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$111.67.

About Linamar

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.