Insider Selling: Linamar (TSE:LNR) Insider Sells C$292,410.00 in Stock

Linamar Co. (TSE:LNR) insider Csaba Havasi sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total value of C$292,410.00. Following the completion of the transaction, the insider directly owned 71,543 shares in the company, valued at C$6,973,296.21. The trade was a 4.02% decrease in their ownership of the stock.

Linamar Trading Up 3.9%

Shares of TSE:LNR opened at C$98.97 on Friday. The stock has a market capitalization of C$5.86 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 1.12 and a beta of 1.68. The company has a debt-to-equity ratio of 35.07, a quick ratio of 0.75 and a current ratio of 1.50. The stock’s 50-day simple moving average is C$88.14 and its two-hundred day simple moving average is C$86.02. Linamar Co. has a 52-week low of C$60.11 and a 52-week high of C$99.97.

Linamar (TSE:LNR) last announced its earnings results on Thursday, May 7th. The company reported C$3.28 earnings per share (EPS) for the quarter. The business had revenue of C$2.94 billion for the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%. Analysts expect that Linamar Co. will post 11.4332724 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on LNR shares. TD Securities raised their target price on Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Raymond James Financial raised their target price on Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Scotiabank lowered their price objective on Linamar from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. Canadian Imperial Bank of Commerce lifted their price objective on Linamar from C$105.00 to C$110.00 in a research report on Thursday, May 7th. Finally, TD lifted their price objective on Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$102.57.

About Linamar

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. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.