Linamar (LNR) has notable insider buying

Linamar (T:LNR)

Updated Tuesday Jul 11, 2017 02:29 AM EDT
Jose Manuel Chaves, a Senior Officer, acquired 2,000 Common Shares on a direct ownership basis at a price of $63.160 through the public market on July 7th, 2017. This represents a $126,320 investment into the company's shares and an account share holdings change of 18.5%.

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. The Company's Machining and Assembly, Casting and Forging operating groups focus on precision metallic components, modules and systems for engine, transmission, driveline and body systems designed for global vehicle and industrial markets. The Company's Skyjack operating group is noted for its mobile industrial equipment, notably its aerial work platforms and tele handlers. The Company provides core engine components, including cylinder blocks and heads, camshafts and connecting rods. For transmission, it builds differential assemblies, gear sets, shaft and shell assemblies, as well as clutch modules.