Linamar Co. (TSE:LNR – Get Free Report) Director Mark Stoddart sold 18,932 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$105.58, for a total transaction of C$1,998,840.56. Following the completion of the transaction, the director owned 455,914 shares in the company, valued at C$48,135,400.12. This represents a 3.99% decrease in their ownership of the stock.
Linamar Trading Down 0.7%
LNR traded down C$0.72 during mid-day trading on Tuesday, hitting C$98.90. The stock had a trading volume of 85,148 shares, compared to its average volume of 127,552. The company has a debt-to-equity ratio of 32.89, a current ratio of 1.88 and a quick ratio of 0.75. Linamar Co. has a 1-year low of C$70.00 and a 1-year high of C$110.58. The stock’s fifty day simple moving average is C$102.76 and its 200-day simple moving average is C$95.62. The firm has a market capitalization of C$5.83 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 1.12 and a beta of 1.71.
Analyst Ratings Changes
A number of research firms have issued reports on LNR. Scotiabank increased their target price on Linamar from C$102.00 to C$114.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th. Raymond James Financial upped their target price on shares of Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. Scotia increased their price target on Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. TD boosted their price objective on Linamar from C$119.00 to C$123.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Linamar from C$115.00 to C$120.00 in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Linamar has an average rating of “Moderate Buy” and an average price target of C$111.67.
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.
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