Insider Buying: Linamar Co. (TSE:LNR) Director Buys 50,000 Shares of Stock

Linamar Co. (TSE:LNR - Get Free Report) Director Linda Hasenfratz acquired 50,000 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average cost of C$60.01 per share, with a total value of C$3,000,500.00.

Linamar Stock Performance

TSE:LNR traded down C$1.04 during mid-day trading on Tuesday, hitting C$58.66. 135,530 shares of the stock were exchanged, compared to its average volume of 106,130. The company has a debt-to-equity ratio of 46.32, a quick ratio of 0.75 and a current ratio of 1.68. The firm's 50-day simple moving average is C$61.37 and its 200 day simple moving average is C$63.87. Linamar Co. has a fifty-two week low of C$54.95 and a fifty-two week high of C$73.84. The stock has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 6.00, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41.

Linamar (TSE:LNR - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$2.35 EPS for the quarter, topping analysts' consensus estimates of C$2.15 by C$0.20. The business had revenue of C$2.64 billion for the quarter, compared to analyst estimates of C$2.75 billion. Linamar had a net margin of 5.77% and a return on equity of 11.31%. As a group, equities analysts anticipate that Linamar Co. will post 11.4332724 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on LNR shares. Scotiabank cut shares of Linamar from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$86.00 to C$77.00 in a report on Tuesday, October 29th. BMO Capital Markets reduced their price objective on shares of Linamar from C$80.00 to C$75.00 in a research note on Wednesday, November 13th. Raymond James lowered their target price on Linamar from C$74.00 to C$70.00 in a research report on Thursday, November 14th. TD Securities lowered Linamar from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$89.00 to C$68.00 in a report on Wednesday, November 13th. Finally, CIBC decreased their price target on Linamar from C$85.00 to C$84.00 in a research note on Thursday, November 14th.

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.