Linamar (TSE:LNR) Share Price Passes Above 200 Day Moving Average of $64.51

Linamar Co. (TSE:LNR) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$64.51 and traded as high as C$67.65. Linamar shares last traded at C$66.40, with a volume of 44,847 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. CIBC reduced their price target on shares of Linamar from C$91.50 to C$90.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Scotiabank lifted their target price on shares of Linamar from C$82.00 to C$85.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$82.20.

Linamar Stock Performance

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 stock has a market capitalization of C$4.09 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.45. The firm’s fifty day moving average price is C$68.28 and its two-hundred day moving average price is C$64.50.

Linamar (TSE:LNR) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of C$2.40 billion. As a group, equities research analysts forecast that Linamar Co. will post 10.0864553 EPS for the current year.

Linamar Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.25 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.51%. This is a boost from Linamar’s previous quarterly dividend of $0.22. Linamar’s dividend payout ratio (DPR) is currently 12.24%.

Insider Activity at Linamar

In other Linamar news, Senior Officer Michael Willard Russell bought 586 shares of the stock in a transaction on Monday, March 18th. The shares were bought at an average price of C$69.93 per share, with a total value of C$40,978.98. Following the purchase, the insider now directly owns 586 shares in the company, valued at approximately C$40,978.98. 35.92% of the stock is owned by corporate 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 and powered vehicle markets.