The Chairman & Founder of Linamar (Other OTC: LIMAF) is Selling Shares

By Carrie Williams

Today, the Chairman & Founder of Linamar (LIMAFResearch Report), Frank Hasenfratz, sold shares of LIMAF for $7.56M.

Following Frank Hasenfratz’s last LIMAF Sell transaction on December 08, 2014, the stock climbed by 10.6%. This is Hasenfratz’s first Sell trade following 5 Buy transactions.

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Based on Linamar’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.78 billion and quarterly net profit of $154 million. In comparison, last year the company earned revenue of $1.55 billion and had a net profit of $78.49 million. The company has a one-year high of $72.96 and a one-year low of $26.45.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $82.18, reflecting a -19.3% downside.

The insider sentiment on Linamar has been negative according to 24 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Frank Hasenfratz’s trades have generated a 162.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Linamar Corp. is a diversified manufacturing company, which engages in engineered products powering vehicles, motion, work and lives. It operates through the following segments: Transportation and Industrial. The Transportation segment .The Industrial segment designs and produces mobile industrial equipment, aerial work platforms and telehandlers agricultural equipment. These segments are further divided into five operating groups: Machining & Assembly, Light Metal Casting, Forging, Skyjack and Agriculture. The Machining & Assembly, Light Metal Casting and Forging operating groups focus on precision metallic components, modules and systems for powertrain, driveline and body systems designed for global electrified and traditionally powered vehicle and industrial markets. Linamar was founded by Frank J. Hasenfratz on August 17, 1966 and is headquartered in Guelph, Canada.