TrinityBridge Ltd Takes Position in Linamar Co. $LIMAF

TrinityBridge Ltd bought a new position in Linamar Co. (OTCMKTS:LIMAF) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 67,784 shares of the company’s stock, valued at approximately $9,249,000.

Linamar Price Performance

LIMAF opened at $74.26 on Friday. The stock has a 50-day moving average price of $73.12 and a 200-day moving average price of $68.72. Linamar Co. has a 1 year low of $50.04 and a 1 year high of $76.96.

Analysts Set New Price Targets

Several research firms recently commented on LIMAF. Scotiabank reissued a “sector perform” rating on shares of Linamar in a research note on Thursday, August 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linamar in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Linamar in a report on Thursday, August 13th. Finally, TD Securities reissued a “buy” rating on shares of Linamar in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Linamar has a consensus 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.