Linamar (TSE:LNR) Stock Passes Above Two Hundred Day Moving Average of $64.18

Linamar Co. (TSE:LNR - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$64.18 and traded as high as C$72.36. Linamar shares last traded at C$72.20, with a volume of 48,035 shares traded.

Wall Street Analyst Weigh In

LNR has been the topic of a number of recent analyst reports. CIBC cut their price target on shares of Linamar from C$93.00 to C$91.50 and set an "outperform" rating on the stock in a research note on Thursday, March 7th. Scotiabank raised their target price on shares of Linamar from C$82.00 to C$85.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$82.50.

Linamar Price Performance

The stock has a market cap of C$4.43 billion, a PE ratio of 8.81, a P/E/G ratio of 1.12 and a beta of 1.45. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 33.30. The company's 50 day moving average is C$67.20 and its 200-day moving average is C$64.23.

Linamar (TSE:LNR - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.75 by C$0.23. Linamar had a net margin of 5.17% and a return on equity of 9.93%. The firm had revenue of C$2.45 billion for the quarter, compared to the consensus estimate of C$2.40 billion. As a group, sell-side analysts predict that Linamar Co. will post 10.2772134 earnings per share for the current year.

Linamar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a dividend of $0.25 per share. This is an increase from Linamar's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.00 annualized dividend and a yield of 1.39%. Linamar's payout ratio is 12.24%.

Insider Buying and Selling

In other Linamar news, Senior Officer Michael Willard Russell sold 2,022 shares of the firm's stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$69.18, for a total transaction of C$139,881.96. 35.92% of the stock is currently owned by insiders.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified powered vehicle markets.