Martinrea International (MRE) has notable insider buying

Martinrea International (T:MRE)

Martinrea International Inc. (MRE) has a high amount of executive buying compared to its mid-cap peers over the past three months. According to recent regulatory filings, two insiders have invested a total amount of $149,188.Andre La Rosa, a Senior Officer, acquired 6,556 Common Shares on a direct ownership basis at a price of $15.250 through the public market on December 4th, 2017. This represents a $99,979 investment into the company's shares and an account share holdings change of 22.9%.

Kerri Lynn Pope, a Senior Officer, acquired 3,180 Common Shares on an indirect ownership basis for registered holder RRSP at prices ranging from $15.450 and $15.480 through the public market on December 7th, 2017. This represents a $49,209 investment into the company's shares and an account share holdings change of 12.7%.

Martinrea International Inc. is a Canada-based company engaged in the development and production of metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector. The Company's segments are North America, Europe and Rest of the World. It serves various vehicle manufacturers, as well as automotive suppliers and also serves other industrial sectors across the world. The Company's products are suspension and chassis metal components; body and structure metal components; aluminum components; chassis modules; fluid and air handling systems, and fabricated assemblies. It also provides custom parts and assemblies' production for lower volume assembly lines, such as bus, recreational vehicles, air conditioning systems, military applications and farm appliance manufacturing. It operates over 40 operating divisions in Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain and China.