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

Linamar Co. (TSE:LNR) Director Mark Stoddart sold 18,932 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 455,914 shares in the company, valued at approximately C$48,135,400.12. The trade was a 3.99% decrease in their position.

Linamar Stock Performance

TSE LNR opened at C$98.28 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.88 and a debt-to-equity ratio of 32.89. Linamar Co. has a fifty-two week low of C$70.00 and a fifty-two week high of C$110.58. The business has a fifty day moving average of C$102.67 and a 200-day moving average of C$95.68. The stock has a market cap of C$5.80 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.71.

Analyst Upgrades and Downgrades

LNR has been the topic of a number of analyst reports. Scotiabank raised 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 research report on Thursday, August 13th. Scotia raised their price objective on Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Raymond James Financial lifted their price objective on 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. TD increased their target price on Linamar from C$119.00 to C$123.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce raised their price target on Linamar from C$115.00 to C$120.00 in a research note on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$111.67.

About Linamar

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.