Linamar Co. (TSE:LNR - Get Free Report) Senior Officer Michael Willard Russell acquired 586 shares of the company's stock in a transaction on Monday, March 18th. The stock was purchased at an average cost of C$69.93 per share, for a total transaction of C$40,978.98. Following the completion of the transaction, the insider now owns 586 shares in the company, valued at approximately C$40,978.98.
Michael Willard Russell also recently made the following trade(s):
- On Monday, March 11th, Michael Willard Russell sold 2,022 shares of Linamar stock. The shares were sold at an average price of C$69.18, for a total transaction of C$139,881.96.
Linamar Trading Down 1.2 %
TSE LNR opened at C$70.10 on Friday. The company has a market capitalization of C$4.32 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.45. The firm's fifty day moving average price is C$67.90 and its 200 day moving average price is C$64.35. The company has a debt-to-equity ratio of 33.30, a current ratio of 1.59 and a quick ratio of 0.75. Linamar Co. has a 12 month low of C$56.78 and a 12 month high of C$78.89.
Linamar (TSE:LNR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported C$1.98 earnings per share for the quarter, topping analysts' consensus estimates of C$1.75 by C$0.23. The firm had revenue of C$2.45 billion during the quarter, compared to analysts' expectations of C$2.40 billion. Linamar had a net margin of 5.17% and a return on equity of 9.93%. On average, sell-side analysts expect that Linamar Co. will post 10.0840336 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%. This is a boost from Linamar's previous quarterly dividend of $0.22. Linamar's dividend payout ratio is currently 12.24%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on LNR shares. Scotiabank increased their target price on shares of Linamar from C$82.00 to C$85.00 and gave the company an "outperform" rating in a research report on Thursday, March 7th. CIBC dropped their target price on shares of Linamar from C$93.00 to C$91.50 and set an "outperform" rating on the stock in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$82.50.
Get Our Latest Stock Analysis on LNR
Linamar Company Profile
(
Get Free Report)
Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified powered vehicle markets.
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