Robert Peter Edward Wildeboer Acquires 7,000 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE) Director Robert Peter Edward Wildeboer acquired 7,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was acquired at an average cost of C$12.81 per share, with a total value of C$89,700.10.

Martinrea International Trading Up 0.2 %

Shares of MRE opened at C$12.72 on Monday. Martinrea International Inc. has a 1-year low of C$10.29 and a 1-year high of C$15.37. The company has a debt-to-equity ratio of 89.05, a current ratio of 1.21 and a quick ratio of 0.68. The firm has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 5.15, a PEG ratio of 0.82 and a beta of 2.21. The company has a 50-day moving average of C$12.29 and a 200 day moving average of C$12.86.

Martinrea International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, January 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.57%. The ex-dividend date is Friday, January 12th. Martinrea International’s payout ratio is 8.10%.

Wall Street Analyst Weigh In

MRE has been the subject of a number of recent research reports. CIBC dropped their price objective on shares of Martinrea International from C$16.00 to C$14.75 and set a “neutral” rating for the company in a research note on Friday, October 20th. Scotiabank dropped their price target on shares of Martinrea International from C$16.50 to C$15.50 and set an “outperform” rating for the company in a research note on Thursday, November 9th. Finally, Cormark dropped their price target on shares of Martinrea International from C$21.50 to C$19.00 in a research note on Thursday, November 9th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Martinrea International has a consensus rating of “Buy” and a consensus target price of C$18.18.

Martinrea International Company Profile

Martinrea International Inc designs, develops, 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. It offers engine blocks, transmissions, cases, housings, oil coolers, hoses, tube assemblies, oil fillers, tubes, indicators, oil pick-up screens and pipes, heater hose inlets and outlets, and electric motor housings; and front horizontal, rear suspension, and front vertical modules.