Linamar Co. (TSE:LNR - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$64.46 and traded as high as C$69.24. Linamar shares last traded at C$68.20, with a volume of 62,778 shares traded.
Wall Street Analyst Weigh In
A number of analysts recently commented on LNR shares. Scotiabank upped their price objective on shares of Linamar from C$82.00 to C$85.00 and gave the company an "outperform" rating in a research report on Thursday, March 7th. CIBC lowered their price objective on shares of Linamar from C$93.00 to C$91.50 and set an "outperform" rating for the company in a research report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$82.50.
View Our Latest Stock Analysis on Linamar
Linamar Price Performance
The firm has a market capitalization of C$4.10 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 1.12 and a beta of 1.45. The company's 50 day moving average is C$68.39 and its 200-day moving average is C$64.47. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 33.30.
Linamar (TSE:LNR - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of C$2.45 billion during the quarter, compared to the consensus estimate of C$2.40 billion. Linamar had a net margin of 5.17% and a return on equity of 9.93%. Equities research analysts anticipate that Linamar Co. will post 10.0864553 earnings per share for the current year.
Linamar Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 27th. This is a boost from Linamar's previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 1.50%. Linamar's dividend payout ratio (DPR) is currently 12.24%.
Insider Transactions at Linamar
In related news, Senior Officer Michael Willard Russell sold 2,022 shares of Linamar stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$69.18, for a total value of C$139,881.96. Insiders own 35.92% of the company's stock.
About Linamar
(
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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.
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