Linamar Co. (TSE:LNR) insider Salvatore Cocca sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of C$46.70, for a total value of C$140,100.00.
Shares of TSE:LNR traded down C$1.23 during midday trading on Friday, reaching C$53.74. The company had a trading volume of 326,100 shares, compared to its average volume of 229,558. Linamar Co. has a 1-year low of C$52.08 and a 1-year high of C$80.58.
Linamar (TSE:LNR) last announced its quarterly earnings data on Tuesday, August 7th. The company reported C$2.98 EPS for the quarter, topping the Zacks’ consensus estimate of C$2.82 by C$0.16. Linamar had a return on equity of 14.62% and a net margin of 6.92%. The firm had revenue of C$2.16 billion during the quarter, compared to analyst estimates of C$2.06 billion.
LNR has been the subject of several research reports. TD Securities raised Linamar from a “hold” rating to a “buy” rating and decreased their target price for the company from C$80.00 to C$73.00 in a research note on Friday, July 27th. Royal Bank of Canada decreased their price target on Linamar from C$86.00 to C$83.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 8th. CIBC decreased their price target on Linamar from C$83.00 to C$70.00 in a research report on Wednesday, August 8th. Finally, BMO Capital Markets decreased their price target on Linamar from C$77.00 to C$70.00 and set a “market perform” rating for the company in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Linamar currently has an average rating of “Buy” and an average target price of C$80.80.
Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the United States, the Asia Pacific, Mexico, and Europe. It operates through two segments, Powertrain/Driveline and Industrial. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.
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