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

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

Linamar Stock Up 3.9%

LNR stock opened at C$98.97 on Friday. The stock’s fifty day simple moving average is C$88.14 and its two-hundred day simple moving average is C$86.02. 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 Co. has a 1-year low of C$60.11 and a 1-year high of C$99.97. The stock has a market cap of C$5.86 billion, a P/E ratio of 9.43, a P/E/G ratio of 1.12 and a beta of 1.68.

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

Wall Street Analysts Forecast Growth

LNR has been the topic of a number of recent research reports. TD upped their price target on Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Scotiabank dropped their price target on Linamar from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. Canadian Imperial Bank of Commerce upped their price target on Linamar from C$105.00 to C$110.00 in a research report on Thursday, May 7th. Scotia upped their price target on 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. Finally, Raymond James Financial upped their price target 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. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.