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. Frank Patrick D'Eramo, CEO and Director, acquired 5,940 Common Shares on a direct ownership basis at prices ranging from $7.554USD and $7.588USD through the public market on August 14th, 2019. This represents a $59,892 investment into the company's shares and an account share holdings change of 4.1%.

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.