Insider Selling: Linamar Co. (TSE:LNR) Senior Officer Sells 2,169 Shares of Stock

Linamar Co. (TSE:LNR) Senior Officer Kenneth Mcdougall sold 2,169 shares of the firm’s stock in a transaction dated Thursday, November 25th. The shares were sold at an average price of C$77.65, for a total transaction of C$168,420.68.

Shares of TSE:LNR traded down C$0.15 during trading on Thursday, reaching C$77.53. The stock had a trading volume of 27,001 shares, compared to its average volume of 143,840. Linamar Co. has a one year low of C$58.58 and a one year high of C$91.98. The company has a market capitalization of C$5.04 billion and a P/E ratio of 10.52. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 17.47. The firm’s 50-day simple moving average is C$70.26 and its 200 day simple moving average is C$73.51.

Linamar (TSE:LNR) last released its earnings results on Tuesday, November 9th. The company reported C$1.60 EPS for the quarter. The company had revenue of C$1.65 billion during the quarter. Equities research analysts forecast that Linamar Co. will post 7.3674032 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 3rd. Investors of record on Monday, November 22nd will be paid a $0.20 dividend. The ex-dividend date is Friday, November 19th. This is a boost from Linamar’s previous quarterly dividend of $0.16. This represents a $0.80 dividend on an annualized basis and a yield of 1.03%. Linamar’s dividend payout ratio (DPR) is 8.13%.

A number of research analysts have commented on LNR shares. BMO Capital Markets cut their target price on shares of Linamar from C$102.00 to C$97.00 and set a “na” rating on the stock in a research report on Wednesday, September 22nd. Royal Bank of Canada restated an “outperform” rating and issued a C$99.00 price target on shares of Linamar in a report on Thursday, October 7th. Scotiabank lowered their price target on shares of Linamar from C$100.00 to C$95.00 in a report on Thursday, October 7th. Finally, CIBC restated a “buy” rating and issued a C$99.00 price target on shares of Linamar in a report on Friday, October 8th.

About Linamar

Linamar Corporation, together with its subsidiaries, design, develop, and produce engineered products in Canada, North America, Europe, and the Asia Pacific. It operates through two segments, Transportation and Industrial. The Transportation segment engages in the design, development, and manufacture of precision metallic components, modules, and systems for vehicle and power generation markets.

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

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