Linamar (LNR) has notable insider buying

Linamar (T:LNR)

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, four insiders have invested a total amount of $2,440,729.Roger Fulton, a Senior Officer, acquired 607 Common Shares on a direct ownership basis at a price of $47.950 through the public market on December 13th, 2019. This represents a $29,106 investment into the company's shares and an account share holdings change of 8.8%.

Linda Hasenfratz, CEO and Director, acquired 50,000 Common Shares on a direct ownership basis at a price of $46.910 through the public market on December 12th, 2019. This represents a $2,345,500 investment into the company's shares and an account share holdings change of 9.2%.

Dale Schneider, CFO, acquired 822 Common Shares on a direct ownership basis at a price of $47.950 through the public market on December 13th, 2019. This represents a $39,415 investment into the company's shares and an account share holdings change of 4.4%.

Mark Stoddart, a Senior Officer and Director, acquired 557 Common Shares on a direct ownership basis at a price of $47.950 through the public market on December 13th, 2019. This represents a $26,708 investment into the company's shares and an account share holdings change of 1.9%.

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.