TrinityBridge Ltd Takes Position in Linamar Co. $LIMAF

TrinityBridge Ltd purchased a new position in shares of Linamar Co. (OTCMKTS:LIMAF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,345 shares of the company’s stock, valued at approximately $896,000.

Linamar Price Performance

LIMAF opened at $74.26 on Friday. The business’s 50 day moving average is $73.12 and its 200-day moving average is $68.72. Linamar Co. has a twelve month low of $50.04 and a twelve month high of $76.96.

Analyst Upgrades and Downgrades

LIMAF has been the subject of a number of recent research reports. Scotiabank restated a “sector perform” rating on shares of Linamar in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Linamar in a report on Thursday, August 13th. BMO Capital Markets reissued an “outperform” rating on shares of Linamar in a report on Thursday, May 7th. Finally, TD Securities restated a “buy” rating on shares of Linamar in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Linamar Company 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.