Insider Buying: Martinrea International (TSE:MRE) Insider Acquires 12,333 Shares of Stock

Key Points

• Insider purchase: Francesco Barbara bought 12,333 shares at C$8.95 on March 19, spending C$110,380.35 and boosting his stake to 54,119 shares—a 29.51% increase in his position.
• Dividend announced: Martinrea declared a C$0.05 quarterly dividend (C$0.20 annualized) with an ex-dividend date of March 31 and payment on April 15, implying a ~2.1% yield and a 13.61% payout ratio.
• Valuation and analyst view: Shares traded around C$9.36 with a market cap of C$674M and a P/E of 6.37; analysts rate the stock a "Moderate Buy" with a consensus target of C$12.63 (range roughly C$10.50–C$15.00).

Martinrea International Inc. (TSE:MRE - Get Free Report) insider Francesco Barbara acquired 12,333 shares of Martinrea International stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average price of C$8.95 per share, with a total value of C$110,380.35. Following the completion of the acquisition, the insider directly owned 54,119 shares in the company, valued at C$484,365.05. This represents a 29.51% increase in their position.

Martinrea International Price Performance

MRE remained flat at C$9.36 during midday trading on Friday. 27,533 shares of the company's stock traded hands, compared to its average volume of 95,123. The company has a quick ratio of 0.68, a current ratio of 1.19 and a debt-to-equity ratio of 74.05. The firm has a market cap of C$674.00 million, a price-to-earnings ratio of 6.37, a PEG ratio of 0.82 and a beta of 1.84. The firm has a 50 day moving average of C$9.93 and a 200-day moving average of C$10.21. Martinrea International Inc. has a 1-year low of C$6.12 and a 1-year high of C$11.62.

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

Martinrea International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Martinrea International's payout ratio is 13.61%.

Wall Street Analysts Forecast Growth

MRE has been the topic of several research analyst reports. TD Securities increased their price target on Martinrea International from C$14.00 to C$15.00 and gave the company a "buy" rating in a report on Friday, March 6th. BMO Capital Markets cut 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. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Martinrea International currently has an average rating of "Moderate Buy" and a consensus 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.

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