Martinrea International (TSE:MRE) Insider Francesco Barbara Purchases 12,333 Shares

Martinrea International Inc. (TSE:MRE) insider Francesco Barbara acquired 12,333 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was purchased at an average cost of C$8.95 per share, for a total transaction of C$110,380.35. Following the purchase, the insider directly owned 54,119 shares in the company, valued at approximately C$484,365.05. This represents a 29.51% increase in their position.

Martinrea International Stock Performance

Shares of MRE stock opened at C$9.36 on Friday. The stock has a 50-day simple moving average of C$9.93 and a 200 day simple moving average of C$10.20. Martinrea International Inc. has a fifty-two week low of C$6.12 and a fifty-two week high of C$11.62. The stock has a market capitalization of C$674.00 million, a P/E ratio of 6.37, a P/E/G ratio of 0.82 and a beta of 1.84. The company has a quick ratio of 0.68, a current ratio of 1.19 and a debt-to-equity ratio of 74.05.

Martinrea International (TSE:MRE) last released its earnings results on Thursday, March 5th. The company reported C$0.67 earnings per share (EPS) for the quarter. Martinrea International had a return on equity of 7.13% and a net margin of 2.22%.The firm had revenue of C$1.19 billion for the quarter. On average, sell-side analysts expect that Martinrea International Inc. will post 2.4988962 earnings per share for the current fiscal year.

Martinrea International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. Martinrea International’s payout ratio is currently 13.61%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MRE. TD Securities increased their target price on shares of 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 decreased their price target 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. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$12.63.

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.