Linamar (TSE:LNR) Insider Alexander Drolc Sells 427 Shares of Stock

Linamar Co. (TSE:LNR) insider Alexander Drolc sold 427 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of C$88.00, for a total value of C$37,576.00.

Linamar Trading Up 1.2%

LNR traded up C$1.02 during trading on Wednesday, reaching C$87.88. The company had a trading volume of 46,503 shares, compared to its average volume of 85,156. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84. The business has a 50 day simple moving average of C$80.81 and a 200-day simple moving average of C$75.19. The stock has a market cap of C$5.26 billion, a P/E ratio of 21.33, a PEG ratio of 1.12 and a beta of 1.63. Linamar Co. has a 52 week low of C$43.84 and a 52 week high of C$88.63.

Linamar (TSE:LNR) last posted its quarterly earnings data on Wednesday, November 12th. The company reported C$2.51 earnings per share for the quarter. The business had revenue of C$2.54 billion for the quarter. Linamar had a net margin of 5.58% and a return on equity of 10.73%. On average, equities analysts anticipate that Linamar Co. will post 11.4332724 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. TD Securities upped their target price on Linamar from C$85.00 to C$96.00 in a research note on Thursday, November 13th. Scotiabank boosted their price objective on Linamar from C$80.00 to C$83.00 in a report on Friday, October 17th. Finally, CIBC increased their target price on Linamar from C$88.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$87.60.

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.