Martinrea International Inc. (TSE:MRE) Insider Bruce Norman Johnson Purchases 1,300 Shares

Martinrea International Inc. (TSE:MRE) insider Bruce Norman Johnson purchased 1,300 shares of Martinrea International stock in a transaction on Thursday, March 29th. The shares were acquired at an average cost of C$15.02 per share, for a total transaction of C$19,526.00.

Shares of MRE traded up C$0.06 during trading hours on Monday, hitting C$15.80. The stock had a trading volume of 58,777 shares, compared to its average volume of 207,957. Martinrea International Inc. has a 12-month low of C$9.15 and a 12-month high of C$16.79.

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Martinrea International (TSE:MRE) last issued its earnings results on Thursday, March 1st. The company reported C$0.50 earnings per share for the quarter, topping the consensus estimate of C$0.47 by C$0.03. The business had revenue of C$878.64 million for the quarter, compared to analyst estimates of C$861.60 million. Martinrea International had a return on equity of 13.91% and a net margin of 3.68%.

The company also recently announced a quarterly dividend, which was paid on Sunday, April 15th. Investors of record on Saturday, March 31st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, March 28th.

A number of research analysts have weighed in on MRE shares. CIBC increased their price target on Martinrea International from C$15.00 to C$17.00 in a research note on Monday, March 5th. Royal Bank of Canada increased their price target on Martinrea International from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Monday, March 5th. Scotiabank increased their price target on Martinrea International from C$18.00 to C$19.00 and gave the stock a “sector perform” rating in a research note on Monday, March 5th. TD Securities increased their price target on Martinrea International from C$17.00 to C$18.50 and gave the stock a “buy” rating in a research note on Monday, March 5th. Finally, BMO Capital Markets increased their price target on Martinrea International from C$14.50 to C$18.00 and gave the stock an “outperform” rating in a research note on Monday, March 5th.

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Martinrea International Company Profile

Martinrea International Inc designs, engineers, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. The company offers aluminum products, including engine blocks, oil pans, cam carriers, camshaft and transmission housings, sub frames, knuckles, control arms, longitudinal and cross members, shock towers, components for electric vehicles, fabrication and modules, and aluminum plates and coils.

Insider Buying and Selling by Quarter for Martinrea International (TSE:MRE)

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