Magna International Inc. $MGA Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its position in shares of Magna International Inc. (NYSE:MGA) (TSE:MG) by 65.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 199,899 shares of the company’s stock after purchasing an additional 79,133 shares during the quarter. Quantbot Technologies LP owned about 0.07% of Magna International worth $9,471,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Magna International by 98.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,839 shares of the company’s stock worth $134,000 after buying an additional 1,408 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Magna International during the third quarter worth about $210,000. Cigna Investments Inc. New bought a new stake in Magna International in the third quarter worth about $218,000. Syon Capital LLC acquired a new stake in Magna International in the 3rd quarter valued at about $256,000. Finally, RiverFront Investment Group LLC acquired a new stake in Magna International in the 2nd quarter valued at about $213,000. 67.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MGA has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Magna International from $53.00 to $57.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Canadian Imperial Bank of Commerce upgraded Magna International from a “neutral” rating to an “outperformer” rating and increased their target price for the company from $56.00 to $76.00 in a report on Wednesday, February 18th. Evercore raised their target price on Magna International from $47.00 to $52.00 and gave the stock an “in-line” rating in a research report on Monday, November 24th. Raymond James Financial upped their price target on Magna International from $50.00 to $75.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. Finally, Wells Fargo & Company increased their price objective on Magna International from $50.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.73.

Magna International Stock Performance

MGA opened at $62.97 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.87 and a current ratio of 1.25. The stock has a 50-day moving average of $56.87 and a 200-day moving average of $50.66. The company has a market cap of $17.56 billion, a PE ratio of 21.34 and a beta of 1.50. Magna International Inc. has a 52-week low of $30.39 and a 52-week high of $69.94.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Friday, February 13th. The company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.37. Magna International had a return on equity of 12.73% and a net margin of 1.99%.The company had revenue of $10.74 billion during the quarter, compared to analysts’ expectations of $10.54 billion. During the same period in the prior year, the business earned $1.69 earnings per share. Magna International’s revenue for the quarter was up 2.1% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, equities research analysts forecast that Magna International Inc. will post 5.87 earnings per share for the current fiscal year.

Magna International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.495 per share. This is a boost from Magna International’s previous quarterly dividend of $0.49. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, February 27th. Magna International’s dividend payout ratio (DPR) is presently 65.76%.

Magna International Company Profile

Magna International Inc is a leading global automotive supplier specializing in the design, engineering, and manufacturing of vehicle systems, assemblies, modules, and components. Headquartered in Aurora, Ontario, the company partners with major original equipment manufacturers (OEMs) to develop technologies and solutions that enhance vehicle performance, safety, comfort, and fuel efficiency. Magna’s broad portfolio encompasses body exteriors and structures, powertrain systems, seating and interiors, roof systems, mirror systems, and advanced driver assistance systems (ADAS).

The company operates more than 350 manufacturing and assembly facilities and over 100 innovation centers across 27 countries, serving customers in North America, Europe, Asia, South America, and Africa.