Linamar Co. (TSE:LNR) Director Linda Hasenfratz Buys 50,000 Shares

Linamar Co. (TSE:LNR) Director Linda Hasenfratz acquired 50,000 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average price of C$60.01 per share, with a total value of C$3,000,500.00.

Linamar Stock Performance

Shares of LNR stock opened at C$58.66 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.68 and a debt-to-equity ratio of 46.32. Linamar Co. has a 52 week low of C$54.95 and a 52 week high of C$73.84. The firm has a 50 day moving average of C$61.25 and a 200-day moving average of C$63.79. The company has a market cap of C$3.61 billion, a price-to-earnings ratio of 5.99, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41.

Linamar (TSE:LNR) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$2.35 EPS for the quarter, topping analysts’ consensus estimates of C$2.15 by C$0.20. Linamar had a net margin of 5.77% and a return on equity of 11.31%. The business had revenue of C$2.64 billion during the quarter, compared to analysts’ expectations of C$2.75 billion. On average, equities analysts forecast that Linamar Co. will post 11.4332724 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Raymond James decreased their target price on shares of Linamar from C$74.00 to C$70.00 in a research report on Thursday, November 14th. BMO Capital Markets reduced their price objective on shares of Linamar from C$80.00 to C$75.00 in a research note on Wednesday, November 13th. Scotiabank downgraded shares of Linamar from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$86.00 to C$77.00 in a research note on Tuesday, October 29th. TD Securities cut shares of Linamar from a “buy” rating to a “hold” rating and cut their price target for the company from C$89.00 to C$68.00 in a research report on Wednesday, November 13th. Finally, CIBC decreased their price target on Linamar from C$85.00 to C$84.00 in a report on Thursday, November 14th.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.