Linamar (LNR) has notable insider buying

Linamar (T:LNR)

Updated Thursday Dec 21, 2017 03:21 AM EDT
Linamar Corporation (LNR) has a high amount of executive buying compared to its mid-cap peers over the past three months. According to regulatory filings yesterday, three insiders have invested a total amount of $3,862,389.Linda Hasenfratz, CEO and Director, acquired 50,000 Common Shares on a direct ownership basis at a price of $76.085 through the public market on December 19th, 2017. This represents a $3,804,255 investment into the company's shares and an account share holdings change of 26.0%.

Kenneth McDougall, a Senior Officer, acquired 510 Common Shares on a direct ownership basis at a price of $75.992 through the public market on December 19th, 2017. This represents a $38,756 investment into the company's shares and an account share holdings change of 13.5%.

Christopher John Merchant, a Senior Officer, acquired 255 Common Shares on a direct ownership basis at a price of $75.992 through the public market on December 19th, 2017. This represents a $19,378 investment into the company's shares and an account share holdings change of 27.7%.

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.

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LNR Insider Holdings Chart

Issuer details as of Dec 21, 2017 3:21 ET

Latest Price
75.82
1 Day Change
-0.26%
52 Week High
80.58
52 Week Low
54.36
QMV ($Mils)
4,954,207,315
Issuer website: www.linamar.com/


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