Linamar Co. (TSE:LNR) Director Mark Stoddart sold 5,200 shares of the business’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of C$58.09, for a total transaction of C$302,068.00.

Mark Stoddart also recently made the following trade(s):

  • On Monday, August 13th, Mark Stoddart sold 5,500 shares of Linamar stock. The shares were sold at an average price of C$54.28, for a total transaction of C$298,540.00.

LNR opened at C$53.74 on Friday. Linamar Co. has a fifty-two week low of C$52.08 and a fifty-two week high of C$80.58.

Linamar (TSE:LNR) last released its earnings results on Tuesday, August 7th. The company reported C$2.98 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.82 by C$0.16. Linamar had a net margin of 6.92% and a return on equity of 14.62%. The company had revenue of C$2.16 billion for the quarter, compared to analysts’ expectations of C$2.06 billion.

A number of brokerages have recently issued reports on LNR. CIBC cut their price objective on shares of Linamar from C$83.00 to C$70.00 in a research report on Wednesday, August 8th. TD Securities cut their price objective on shares of Linamar from C$73.00 to C$70.00 and set a “buy” rating for the company in a research report on Wednesday, August 8th. BMO Capital Markets cut their price objective on shares of Linamar from C$77.00 to C$70.00 and set a “market perform” rating for the company in a research report on Wednesday, August 8th. Finally, Royal Bank of Canada cut their price objective on shares of Linamar from C$86.00 to C$83.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Linamar currently has an average rating of “Buy” and an average price target of C$80.80.

Linamar Company Profile

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the United States, the Asia Pacific, Mexico, and Europe. It operates through two segments, Powertrain/Driveline and Industrial. 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.

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