Martinrea International Inc. (MRE) Insider Acquires C$19,526.00 in Stock

Martinrea International Inc. (TSE:MRE) insider Bruce Norman Johnson bought 1,300 shares of Martinrea International stock in a transaction dated Thursday, March 29th. The stock was purchased at an average price of C$15.02 per share, with a total value of C$19,526.00.

Shares of Martinrea International stock traded up C$0.21 on Monday, hitting C$16.02. The stock had a trading volume of 192,514 shares, compared to its average volume of 203,596. Martinrea International Inc. has a one year low of C$9.56 and a one year high of C$16.79.

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Martinrea International (TSE:MRE) last announced its quarterly earnings results on Thursday, March 1st. The company reported C$0.50 EPS for the quarter, topping analysts’ consensus estimates of C$0.47 by C$0.03. Martinrea International had a return on equity of 13.91% and a net margin of 3.68%. The company had revenue of C$878.64 million during the quarter, compared to analyst estimates of C$861.60 million.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, April 15th. Shareholders of record on Saturday, March 31st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, March 28th.

MRE has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their price objective on shares of Martinrea International from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. CIBC upped their price objective on shares of Martinrea International from C$15.00 to C$17.00 in a research report on Monday, March 5th. BMO Capital Markets increased their price target on shares of Martinrea International from C$14.50 to C$18.00 and gave the company an “outperform” rating in a research report on Monday, March 5th. TD Securities increased their price target on shares of Martinrea International from C$17.00 to C$18.50 and gave the company a “buy” rating in a research report on Monday, March 5th. Finally, Scotiabank increased their price target on shares of Martinrea International from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Monday, March 5th.

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Martinrea International Company Profile

Martinrea International Inc designs, engineers, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. The company offers aluminum products, including engine blocks, oil pans, cam carriers, camshaft and transmission housings, sub frames, knuckles, control arms, longitudinal and cross members, shock towers, components for electric vehicles, fabrication and modules, and aluminum plates and coils.

Insider Buying and Selling by Quarter for Martinrea International (TSE:MRE)

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