Csaba Havasi Sells 4,000 Shares of Linamar Co. (LNR) Stock

Linamar Co. (TSE:LNR) insider Csaba Havasi sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of C$66.57, for a total transaction of C$266,280.00.

Csaba Havasi also recently made the following trade(s):

  • On Friday, November 10th, Csaba Havasi sold 2,250 shares of Linamar stock. The shares were sold at an average price of C$66.27, for a total transaction of C$149,107.50.

Linamar Co. (TSE LNR) opened at C$66.68 on Friday. Linamar Co. has a 12-month low of C$48.59 and a 12-month high of C$80.58.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be given a $0.121 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Wednesday, November 22nd. This is an increase from Linamar’s previous quarterly dividend of $0.12. Linamar’s dividend payout ratio (DPR) is 5.87%.

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LNR has been the subject of a number of analyst reports. TD Securities decreased their target price on shares of Linamar from C$73.00 to C$72.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. Royal Bank Of Canada raised their target price on shares of Linamar from C$71.00 to C$74.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd. BMO Capital Markets set a C$70.00 target price on shares of Linamar and gave the company a “market perform” rating in a research report on Thursday, August 3rd. Finally, CIBC raised their target price on shares of Linamar from C$69.00 to C$81.00 in a research report on Thursday, September 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$81.60.

About Linamar

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.

Insider Buying and Selling by Quarter for Linamar (TSE:LNR)

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