Martinrea International (TSE:MRE) Insider Hany Morsy Purchases 4,400 Shares

Martinrea International Inc. (TSE:MRE) insider Hany Morsy bought 4,400 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was bought at an average price of C$10.56 per share, with a total value of C$46,464.00. Following the acquisition, the insider owned 9,000 shares in the company, valued at approximately C$95,040. This trade represents a 95.65% increase in their position.

Martinrea International Trading Down 1.6%

Shares of Martinrea International stock traded down C$0.17 on Tuesday, reaching C$10.32. The company had a trading volume of 41,790 shares, compared to its average volume of 92,819. The firm has a market cap of C$731.63 million, a price-to-earnings ratio of 6.37, a P/E/G ratio of 0.82 and a beta of 1.82. The company has a debt-to-equity ratio of 77.11, a current ratio of 1.27 and a quick ratio of 0.68. The firm’s 50-day moving average price is C$10.30 and its two-hundred day moving average price is C$10.18. Martinrea International Inc. has a 1 year low of C$8.16 and a 1 year high of C$11.72.

Martinrea International (TSE:MRE) last announced its earnings results on Thursday, April 30th. The company reported C$0.45 EPS for the quarter. The firm had revenue of C$1.13 billion during the quarter. Martinrea International had a return on equity of 7.74% and a net margin of 2.46%. As a group, research analysts predict that Martinrea International Inc. will post 2.4988962 earnings per share for the current fiscal year.

Martinrea International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, March 31st. Martinrea International’s dividend payout ratio is 12.35%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MRE. BMO Capital Markets reduced their price objective on shares of Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating on the stock in a research report on Friday, March 6th. TD Securities increased their price objective on shares of Martinrea International from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$12.83.

About Martinrea International

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.