Martinrea International (TSE:MRE) Insider Peter Cirulis Acquires 5,275 Shares of Stock

Martinrea International Inc. (TSE:MRE) insider Peter Cirulis bought 5,275 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were acquired at an average price of C$10.41 per share, with a total value of C$54,912.75. Following the completion of the transaction, the insider directly owned 135,275 shares of the company’s stock, valued at C$1,408,212.75. This trade represents a 4.06% increase in their position.

Martinrea International Stock Performance

Shares of TSE MRE opened at C$10.32 on Thursday. The firm has a 50 day moving average of C$9.66 and a 200 day moving average of C$10.05. The company has a current ratio of 1.27, a quick ratio of 0.68 and a debt-to-equity ratio of 77.11. The firm has a market capitalization of C$731.63 million, a price-to-earnings ratio of 6.37, a price-to-earnings-growth ratio of 0.82 and a beta of 1.93. Martinrea International Inc. has a 12-month low of C$7.36 and a 12-month high of C$11.62.

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

Martinrea International Dividend Announcement

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

Wall Street Analysts Forecast Growth

MRE has been the subject of several recent research reports. BMO Capital Markets cut their target price on shares of Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating for the company in a research report on Friday, March 6th. TD Securities upped their price target on shares of Martinrea International from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.