TrinityBridge Ltd acquired a new position in Linamar Co. (OTCMKTS:LIMAF – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 67,784 shares of the company’s stock, valued at approximately $9,249,000.
Linamar Stock Performance
Shares of LIMAF stock opened at $74.26 on Friday. The company has a 50 day moving average price of $73.12 and a 200-day moving average price of $68.72. Linamar Co. has a 52 week low of $50.04 and a 52 week high of $76.96.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Linamar in a research report on Thursday, August 13th. Scotiabank restated a “sector perform” rating on shares of Linamar in a research note on Thursday, August 13th. BMO Capital Markets restated an “outperform” rating on shares of Linamar in a research note on Thursday, May 7th. Finally, TD Securities reaffirmed a “buy” rating on shares of Linamar in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.
Linamar Company Profile
Linamar Corporation is a diversified global manufacturing company headquartered in Guelph, Ontario. The company serves automotive and industrial markets through precision machined and assembled components, modules and systems. Its operations span North America, Europe and Asia, with additional facilities in South America and emerging markets, supporting a broad customer base in passenger vehicles, commercial vehicles, construction, agriculture and energy industries.
In its Mobility segment, Linamar designs and produces powertrain systems, driveline components and other modules for internal combustion and electrified vehicles.
Featured Stories
- Five stocks we like better than Linamar
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Want to see what other hedge funds are holding LIMAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linamar Co. (OTCMKTS:LIMAF – Free Report).
Receive News & Ratings for Linamar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linamar and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}
