TrinityBridge Ltd Acquires New Holdings in Linamar Co. $LIMAF

TrinityBridge Ltd acquired a new stake in shares of Linamar Co. (OTCMKTS:LIMAF) during the second quarter, HoldingsChannel reports. The firm acquired 14,345 shares of the company’s stock, valued at approximately $896,000.

Linamar Stock Performance

Shares of Linamar stock opened at $74.26 on Friday. The business has a fifty day simple moving average of $73.12 and a 200-day simple moving average of $68.72. Linamar Co. has a fifty-two week low of $50.04 and a fifty-two week high of $76.96.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LIMAF shares. Scotiabank reissued a “sector perform” rating on shares of Linamar in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Linamar in a research note on Thursday, August 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Linamar in a report on Thursday, May 7th. Finally, TD Securities reiterated a “buy” rating on shares of Linamar in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Linamar Profile

Linamar Corporation is a diversified global manufacturing company headquartered in Guelph, Ontario. The company serves automotive and industrial markets through precision machined and assembled components, modules and systems. Its operations span North America, Europe and Asia, with additional facilities in South America and emerging markets, supporting a broad customer base in passenger vehicles, commercial vehicles, construction, agriculture and energy industries.

In its Mobility segment, Linamar designs and produces powertrain systems, driveline components and other modules for internal combustion and electrified vehicles.