Insider Selling: Linamar (TSE:LNR) Insider Sells 3,000 Shares of Stock

Linamar Co. (TSE:LNR) insider Csaba Havasi sold 3,000 shares of Linamar stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$97.47, for a total transaction of C$292,410.00. Following the completion of the transaction, the insider directly owned 71,543 shares in the company, valued at C$6,973,296.21. The trade was a 4.02% decrease in their ownership of the stock.

Linamar Stock Performance

LNR traded up C$1.68 during trading on Thursday, hitting C$95.07. The stock had a trading volume of 76,055 shares, compared to its average volume of 121,900. The company has a debt-to-equity ratio of 35.07, a quick ratio of 0.75 and a current ratio of 1.50. The firm has a market capitalization of C$5.63 billion, a P/E ratio of 9.05, a PEG ratio of 1.12 and a beta of 1.68. The company’s 50-day moving average price is C$87.81 and its 200 day moving average price is C$85.79. Linamar Co. has a twelve month low of C$60.11 and a twelve month high of C$99.97.

Linamar (TSE:LNR) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$3.28 earnings per share (EPS) for the quarter. Linamar had a net margin of 5.90% and a return on equity of 10.37%. The company had revenue of C$2.94 billion for the quarter. On average, equities research analysts forecast that Linamar Co. will post 11.4332724 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LNR shares. Raymond James Financial upped their target price on shares of Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. TD Securities upped their price target on shares of Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. TD increased their price objective on shares of Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Scotia raised their price objective on Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce raised their target price on Linamar from C$105.00 to C$110.00 in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$102.57.

Linamar Company Profile

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.