Peter Cirulis Acquires 5,275 Shares of Martinrea International (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE) insider Peter Cirulis acquired 5,275 shares of Martinrea International stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average price of C$10.41 per share, for a total transaction of C$54,912.75. Following the completion of the acquisition, the insider owned 135,275 shares in the company, valued at C$1,408,212.75. This trade represents a 4.06% increase in their position.

Martinrea International Trading Up 1.7%

MRE traded up C$0.17 on Wednesday, hitting C$10.40. The company had a trading volume of 46,458 shares, compared to its average volume of 92,499. The firm has a market cap of C$737.30 million, a P/E ratio of 6.42, a PEG ratio of 0.82 and a beta of 1.93. Martinrea International Inc. has a 1 year low of C$7.36 and a 1 year high of C$11.62. The company’s fifty day moving average price is C$9.67 and its 200 day moving average price is C$10.05. The company has a current ratio of 1.27, a quick ratio of 0.68 and a debt-to-equity ratio of 77.11.

Martinrea International (TSE:MRE) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.45 EPS for the quarter. The business 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, equities analysts expect that Martinrea International Inc. will post 2.4988962 earnings per share for the current year.

Martinrea International Announces Dividend

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

Wall Street Analyst Weigh In

MRE has been the subject of several research analyst reports. TD Securities raised their price objective on Martinrea International from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Friday, March 6th. BMO Capital Markets reduced their price objective on Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating for the company in a report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Martinrea International currently has an average rating of “Moderate Buy” and a consensus price target 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.