Insider Buying: Martinrea International (TSE:MRE) Insider Acquires C$46,464.00 in Stock

Martinrea International Inc. (TSE:MRE) insider Hany Morsy purchased 4,400 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of C$10.56 per share, for a total transaction of C$46,464.00. Following the purchase, the insider owned 9,000 shares in the company, valued at C$95,040. This trade represents a 95.65% increase in their position.

Martinrea International Stock Performance

TSE MRE opened at C$10.24 on Friday. The firm has a 50-day moving average of C$10.36 and a 200-day moving average of C$10.18. The company has a debt-to-equity ratio of 77.11, a quick ratio of 0.68 and a current ratio of 1.27. The stock has a market cap of C$725.95 million, a PE ratio of 6.32, a P/E/G ratio of 0.82 and a beta of 1.82. Martinrea International Inc. has a 52-week low of C$8.16 and a 52-week high of C$11.72.

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

Martinrea International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Martinrea International’s dividend payout ratio (DPR) is presently 12.35%.

Analyst Ratings Changes

A number of brokerages have commented on MRE. BMO Capital Markets decreased their price objective on Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating on the stock in a report on Friday, March 6th. TD Securities lifted their target price on Martinrea International from C$14.00 to C$15.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Martinrea International presently has an average rating of “Moderate Buy” and a consensus price target of C$12.83.

Martinrea International Company Profile

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.