Mark Stoddart Sells 18,932 Shares of Linamar (TSE:LNR) Stock

Linamar Co. (TSE:LNR) Director Mark Stoddart sold 18,932 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of C$105.58, for a total value of C$1,998,840.56. Following the completion of the transaction, the director owned 455,914 shares of the company’s stock, valued at C$48,135,400.12. The trade was a 3.99% decrease in their ownership of the stock.

Linamar Trading Down 1.4%

TSE LNR opened at C$96.89 on Thursday. The company has a market cap of C$5.71 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.71. Linamar Co. has a twelve month low of C$70.00 and a twelve month high of C$110.58. The company has a quick ratio of 0.75, a current ratio of 1.88 and a debt-to-equity ratio of 32.89. The business’s fifty day moving average is C$102.60 and its 200 day moving average is C$95.75.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Scotia upped their price objective on Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Scotiabank boosted their target price on shares of Linamar from C$102.00 to C$114.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce raised their price target on shares of Linamar from C$115.00 to C$120.00 in a research note on Thursday, August 13th. TD lifted their price target on shares of Linamar from C$119.00 to C$123.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Raymond James Financial boosted their price objective on shares of Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$111.67.

Linamar Company Profile

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.