Linamar (TSE:LNR) Insider Sells C$20,409.20 in Stock

Linamar Co. (TSE:LNR) insider David Harris sold 259 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of C$78.80, for a total transaction of C$20,409.20.

Linamar Stock Down 0.4%

Shares of Linamar stock traded down C$0.36 on Friday, hitting C$80.89. 68,279 shares of the company traded hands, compared to its average volume of 123,213. Linamar Co. has a 12-month low of C$43.84 and a 12-month high of C$82.52. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84. The company has a market cap of C$4.84 billion, a PE ratio of 19.63, a PEG ratio of 1.12 and a beta of 1.59. The company has a 50-day moving average price of C$76.11 and a 200 day moving average price of C$71.76.

Linamar (TSE:LNR) last released its quarterly earnings data on Wednesday, November 12th. The company reported C$2.51 earnings per share (EPS) for the quarter. Linamar had a return on equity of 10.73% and a net margin of 5.58%.The firm had revenue of C$2.54 billion during the quarter. Sell-side analysts predict that Linamar Co. will post 11.4332724 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on LNR. Cibc World Mkts upgraded Linamar from a “hold” rating to a “strong-buy” rating in a report on Monday, August 25th. CIBC boosted their target price on shares of Linamar from C$87.00 to C$88.00 in a research report on Thursday, November 13th. TD Securities increased their price target on shares of Linamar from C$85.00 to C$96.00 in a research note on Thursday, November 13th. Finally, Scotiabank lifted their price objective on shares of Linamar from C$80.00 to C$83.00 in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$85.40.

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.