Csaba Havasi Sells 3,000 Shares of Linamar (TSE:LNR) Stock

Linamar Co. (TSE:LNR) insider Csaba Havasi sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total transaction of C$292,410.00. Following the sale, the insider owned 71,543 shares of the company’s stock, valued at approximately C$6,973,296.21. The trade was a 4.02% decrease in their ownership of the stock.

Linamar Trading Up 1.8%

Linamar stock traded up C$1.68 during midday trading on Thursday, hitting C$95.07. 76,055 shares of the stock were exchanged, compared to its average volume of 121,900. Linamar Co. has a fifty-two week low of C$60.11 and a fifty-two week high of C$99.97. The stock has a market capitalization of C$5.63 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.12 and a beta of 1.68. The stock’s 50-day simple moving average is C$87.81 and its 200 day simple moving average is C$85.79. The company has a current ratio of 1.50, a quick ratio of 0.75 and a debt-to-equity ratio of 35.07.

Linamar (TSE:LNR) last released its quarterly earnings data on Thursday, May 7th. The company reported C$3.28 earnings per share (EPS) for the quarter. Linamar had a net margin of 5.90% and a return on equity of 10.37%. The firm had revenue of C$2.94 billion during the quarter. On average, equities analysts anticipate that Linamar Co. will post 11.4332724 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Raymond James Financial lifted their price target on shares of Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. Scotia lifted their price target on shares of Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce lifted their price target on shares of Linamar from C$105.00 to C$110.00 in a research report on Thursday, May 7th. Scotiabank dropped their price target on shares of Linamar from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Finally, TD Securities lifted their price target on shares of Linamar from C$103.00 to C$114.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Linamar presently has an average rating of “Moderate Buy” and a consensus price target of C$102.57.

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.