Linamar Co. (TSE:LNR) insider Dale Schneider purchased 298 shares of Linamar stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average cost of C$75.99 per share, with a total value of C$22,645.02.

Linamar Co. (TSE:LNR) traded up C$1.51 during trading on Wednesday, reaching C$76.02. 297,083 shares of the company traded hands, compared to its average volume of 184,103. Linamar Co. has a one year low of C$54.36 and a one year high of C$80.58.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were issued a $0.121 dividend. This represents a $0.48 annualized dividend and a yield of 0.64%. This is a positive change from Linamar’s previous quarterly dividend of $0.12. The ex-dividend date was Wednesday, November 22nd. Linamar’s dividend payout ratio is currently 5.87%.

Several equities research analysts have recently commented on the stock. BMO Capital Markets upped their price target on shares of Linamar from C$70.00 to C$80.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. CIBC upped their price target on shares of Linamar from C$69.00 to C$81.00 in a research report on Thursday, September 28th. TD Securities reduced their price target on shares of Linamar from C$84.00 to C$82.00 and set a “hold” rating for the company in a research report on Wednesday, November 8th. Royal Bank of Canada increased their target price on shares of Linamar from C$79.00 to C$80.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 8th. Finally, Scotiabank increased their target price on shares of Linamar from C$85.00 to C$90.00 and gave the stock an “outperform” rating in a report on Friday, December 15th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of C$82.60.

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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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