Latest news with #Linamar
CBC
3 days ago
- Automotive
- CBC
Guelph's Linamar fined $350K after worker critically injured 2 years ago
An automotive parts manufacturer in Guelph, Ont., was fined $350,000 for failing to follow safety procedures that resulted in the critical injury of a worker in 2023. Linamar Corporation was convicted in May after pleading guilty for their part in a work operation that ended with a 460 pound, or 208 kilogram, broach stick falling from a crane onto a worker. A release from the provincial government detailed that an acting supervisor had directed a worker to perform a broach stick tool change at the facility on 32 Independence Place on June 30, 2023. A broach stick is used in machining to remove material from a work piece. It's typically a long, toothed bar that cuts into material as it passes through or along it. The worker was using a jib crane to insert and remove broach sticks from the broaching machine. It was at that time that the large broach stick fell from the crane and injured the worker. An investigation by the Ministry of Labour, Immigration, Training and Skills Development said that a key issue was the crane controls which were "not functioning as designed by the manufacturer." The crane was lifting a broach stick that wasn't fully clamped. They said Linamar did not ensure that the broach stick was "lifted, carried or moved in a matter that did not endanger the safety of the worker, contrary to their obligations under the Occupational Health and Safety Act." Linamar also received a 25 per cent victim fine surcharge that's required by the Provincial Offences Act. That money will go to a provincial government fund that assists victims of crime.
Yahoo
01-06-2025
- Business
- Yahoo
Linamar Insider Ups Holding During Year
Looking at Linamar Corporation's (TSE:LNR ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The Executive Chairman of the Board Linda Hasenfratz made the biggest insider purchase in the last 12 months. That single transaction was for CA$3.0m worth of shares at a price of CA$60.01 each. That means that an insider was happy to buy shares at around the current price of CA$62.74. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Linamar insider decided to buy shares at close to current prices. Linda Hasenfratz was the only individual insider to buy shares in the last twelve months. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! View our latest analysis for Linamar There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. The last three months saw significant insider selling at Linamar. In total, insider Csaba Havasi dumped CA$1.7m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap. I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Linamar insiders own 36% of the company, currently worth about CA$1.3b based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders. An insider hasn't bought Linamar stock in the last three months, but there was some selling. But we take heart from prior transactions. On top of that, insiders own a significant portion of the company. So the recent selling doesn't worry us. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Linamar. At Simply Wall St, we found 3 warning signs for Linamar that deserve your attention before buying any shares. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
CTV News
08-05-2025
- Business
- CTV News
Linamar reports higher profit in Q1
The Street Linda Hasenfratz, executive chair at Linamar, discusses earning results in Q1 and the impact tariffs are having on the manufacturing company's production.
Bloomberg
08-05-2025
- Automotive
- Bloomberg
Auto Parts Maker Linamar Emerges as Surprise Winner From Trump's Tariffs
Canadian auto parts maker Linamar Corp., once thought to be a casualty of President Donald Trump's tariffs on cars and metals, says it's now a possible beneficiary of the trade war. 'Virtually everything' Linamar ships to the US is exempt from tariffs because the parts comply with the US-Mexico-Canada trade deal, Executive Chair Linda Hasenfratz said during a conference call with analysts.
Yahoo
14-04-2025
- Business
- Yahoo
Despite the downward trend in earnings at Linamar (TSE:LNR) the stock increases 3.0%, bringing five-year gains to 56%
While Linamar Corporation (TSE:LNR) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 14% in the last quarter. But the silver lining is the stock is up over five years. Unfortunately its return of 46% is below the market return of 96%. Unfortunately not all shareholders will have held it for the long term, so spare a thought for those caught in the 28% decline over the last twelve months. Since the stock has added CA$84m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns. Our free stock report includes 4 warning signs investors should be aware of before investing in Linamar. Read for free now. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During five years of share price growth, Linamar actually saw its EPS drop 8.2% per year. Essentially, it doesn't seem likely that investors are focused on EPS. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead. In contrast revenue growth of 13% per year is probably viewed as evidence that Linamar is growing, a real positive. It's quite possible that management are prioritizing revenue growth over EPS growth at the moment. You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image). We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free report showing analyst forecasts should help you form a view on Linamar As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Linamar's TSR for the last 5 years was 56%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. While the broader market gained around 9.5% in the last year, Linamar shareholders lost 27% (even including dividends). Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 9%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For example, we've discovered 4 warning signs for Linamar that you should be aware of before investing here. There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
