Linamar (TSE:LNR) Director Mark Stoddart Sells 18,932 Shares of Stock

Key Points

• Director Mark Stoddart sold 18,932 Linamar shares at an average price of C$105.58, generating approximately C$2.0 million. His remaining stake fell 3.99% to 455,914 shares.
• Linamar shares traded at C$98.90, with a market capitalization of about C$5.83 billion and a price-to-earnings ratio of 8.63. The stock remains near its 12-month high of C$110.58.
• Analysts have a “Moderate Buy” consensus, with three Buy and three Hold ratings and an average price target of C$111.67; TD and CIBC recently raised their targets to C$123 and C$120, respectively.

Linamar Co. (TSE:LNR - Get Free Report) Director Mark Stoddart sold 18,932 shares of Linamar stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$105.58, for a total value of C$1,998,840.56. Following the completion of the transaction, the director owned 455,914 shares of the company's stock, valued at approximately C$48,135,400.12. The trade was a 3.99% decrease in their position.

Linamar Stock Performance

Shares of TSE LNR traded down C$0.72 during mid-day trading on Tuesday, hitting C$98.90. The company 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. The stock has a market cap of C$5.83 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 1.12 and a beta of 1.71. Linamar Co. has a 12 month low of C$70.00 and a 12 month high of C$110.58. The firm's 50 day simple moving average is C$102.76 and its two-hundred day simple moving average is C$95.62.

Analyst Upgrades and Downgrades

LNR has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce boosted their target price on Linamar from C$115.00 to C$120.00 in a research report on Thursday, August 13th. Scotia raised their target price on Linamar from C$96.00 to C$99.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 7th. Raymond James Financial boosted their price objective on shares of Linamar from C$90.00 to C$100.00 and gave the company a "market perform" rating in a research report on Thursday, May 7th. TD raised their price target on Linamar from C$119.00 to C$123.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, Scotiabank raised their price target on shares of Linamar from C$102.00 to C$114.00 and gave the company a "sector perform" rating in a 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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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