Linamar Co. (TSE:LNR) insider Csaba Havasi sold 2,250 shares of Linamar stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of C$66.27, for a total value of C$149,107.50.
Linamar Co. (LNR) traded up C$0.47 on Tuesday, hitting C$67.12. The stock had a trading volume of 227,804 shares, compared to its average volume of 180,844. Linamar Co. has a 52-week low of C$47.10 and a 52-week high of C$80.58.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.121 per share. The ex-dividend date is Wednesday, November 22nd. This is a boost from Linamar’s previous quarterly dividend of $0.12. This represents a $0.48 annualized dividend and a dividend yield of 0.72%. Linamar’s payout ratio is 5.87%.
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A number of equities analysts have commented on the company. BMO Capital Markets lifted their price target on Linamar from C$70.00 to C$80.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. CIBC lifted their price target on Linamar from C$69.00 to C$81.00 in a research note on Thursday, September 28th. Royal Bank Of Canada lifted their price target on Linamar from C$79.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 8th. Finally, TD Securities decreased their price target on Linamar from C$73.00 to C$72.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$81.60.
Linamar Corporation is a Canada-based diversified manufacturing company of engineered products powering vehicles, motion, work and lives. The Company operates through two segments: the Powertrain/Driveline and the Industrial. The segments are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.
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