Linamar Corporation Purchases 60,000 Shares of Linamar Co. (TSE:LNR) Stock

Linamar Co. (TSE:LNR) insider Linamar Corporation purchased 60,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of C$38.66 per share, with a total value of C$2,319,786.00. Following the completion of the acquisition, the insider now owns 180,000 shares of the company’s stock, valued at C$6,959,358.

Linamar Corporation also recently made the following trade(s):

  • On Tuesday, August 13th, Linamar Corporation purchased 60,000 shares of Linamar stock. The shares were purchased at an average price of C$39.34 per share, with a total value of C$2,360,280.00.

Shares of TSE LNR traded up C$1.04 during midday trading on Friday, reaching C$39.42. 217,511 shares of the stock were exchanged, compared to its average volume of 188,319. The company has a market capitalization of $2.51 billion and a P/E ratio of 4.60. Linamar Co. has a 52-week low of C$37.34 and a 52-week high of C$67.00. The company has a current ratio of 2.01, a quick ratio of 1.27 and a debt-to-equity ratio of 66.42. The stock has a 50 day moving average price of C$44.12 and a 200-day moving average price of C$47.36.



The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, August 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.22%. Linamar’s dividend payout ratio (DPR) is presently 5.60%.

LNR has been the subject of a number of recent research reports. TD Securities lowered their price target on shares of Linamar from C$53.00 to C$48.00 and set a “hold” rating for the company in a report on Friday, August 9th. BMO Capital Markets lowered their price target on shares of Linamar from C$56.00 to C$45.00 in a report on Friday, August 9th. Finally, CIBC lowered their price target on shares of Linamar from C$61.00 to C$56.00 in a report on Friday, August 9th.

About Linamar

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the Rest of North America, the Asia Pacific, Mexico, and Europe. It operates through two segments, Industrial and Transportation. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.

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Insider Buying and Selling by Quarter for Linamar (TSE:LNR)

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