Martinrea International (TSE:MRE) Insider Peter Cirulis Acquires 5,275 Shares

Key Points

• Insider purchase: Director Peter Cirulis bought 5,275 shares at an average price of C$10.41 on May 5, spending C$54,912.75 and increasing his holding to 135,275 shares (a 4.06% rise).
• Recent results and payout: Martinrea reported quarterly EPS of C$0.45 on C$1.13 billion revenue and recently paid a quarterly dividend of $0.05 per share (C$0.20 annualized, ~1.9% yield).
• Market and analyst view: Shares trade near C$10.40 with a market cap of C$737.3M and a 12-month range of C$7.36–C$11.62; analysts give a consensus "Moderate Buy" rating with an average price target of C$12.83 and mixed recent revisions.

Martinrea International Inc. (TSE:MRE - Get Free Report) insider Peter Cirulis acquired 5,275 shares of the company's stock in a transaction dated Tuesday, May 5th. The shares were purchased at an average cost of C$10.41 per share, for a total transaction of C$54,912.75. Following the purchase, the insider directly owned 135,275 shares in the company, valued at approximately C$1,408,212.75. This trade represents a 4.06% increase in their ownership of the stock.

Martinrea International Stock Performance

Shares of TSE MRE traded up C$0.17 during midday trading on Wednesday, reaching C$10.40. 46,458 shares of the stock were exchanged, compared to its average volume of 92,499. The firm has a market cap of C$737.30 million, a price-to-earnings ratio of 6.42, a PEG ratio of 0.82 and a beta of 1.93. Martinrea International Inc. has a twelve month low of C$7.36 and a twelve month high of C$11.62. The firm has a 50-day simple moving average of C$9.67 and a two-hundred day simple moving average of C$10.05. The company has a quick ratio of 0.68, a current ratio of 1.27 and a debt-to-equity ratio of 77.11.

Martinrea International (TSE:MRE - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$0.45 EPS for the quarter. Martinrea International had a net margin of 2.46% and a return on equity of 7.74%. The business had revenue of C$1.13 billion for the quarter. As a group, analysts anticipate that Martinrea International Inc. will post 2.4988962 EPS for the current fiscal year.

Martinrea International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, March 31st. Martinrea International's payout ratio is currently 12.35%.

Analyst Ratings Changes

Several research firms have recently commented on MRE. BMO Capital Markets reduced their price target on Martinrea International from C$11.00 to C$10.50 and set a "market perform" rating on the stock in a report on Friday, March 6th. TD Securities lifted their price target on Martinrea International from C$14.00 to C$15.00 and gave the stock a "buy" rating in a report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$12.83.

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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