Coppell Advisory Solutions LLC Decreases Stock Position in Magna International Inc. (NYSE:MGA)

Coppell Advisory Solutions LLC lowered its position in Magna International Inc. (NYSE:MGA) (TSE:MG) by 96.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,733 shares of the company’s stock after selling 43,114 shares during the period. Coppell Advisory Solutions LLC’s holdings in Magna International were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in shares of Magna International by 52.3% in the fourth quarter. Russell Investments Group Ltd. now owns 2,395,373 shares of the company’s stock valued at $100,087,000 after purchasing an additional 822,375 shares during the period. Geode Capital Management LLC grew its position in shares of Magna International by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 1,523,196 shares of the company’s stock worth $63,280,000 after buying an additional 371,437 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Magna International by 290.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,501 shares of the company’s stock valued at $141,000 after buying an additional 2,605 shares during the period. Mufg Securities Canada LTD. raised its holdings in shares of Magna International by 72.1% in the fourth quarter. Mufg Securities Canada LTD. now owns 412,454 shares of the company’s stock valued at $17,228,000 after acquiring an additional 172,754 shares in the last quarter. Finally, Sciencast Management LP purchased a new stake in Magna International in the fourth quarter worth about $653,000. 67.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MGA. TD Securities lowered their price target on shares of Magna International from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Scotiabank lowered their target price on Magna International from $49.00 to $45.00 and set a “sector perform” rating for the company in a report on Tuesday, February 18th. Morgan Stanley cut their price target on Magna International from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Raymond James decreased their price objective on Magna International from $53.00 to $50.00 and set a “market perform” rating for the company in a research note on Tuesday, February 18th. Finally, Evercore ISI cut their target price on Magna International from $50.00 to $45.00 and set an “in-line” rating on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $44.32.

Magna International Trading Up 0.1 %

NYSE:MGA opened at $34.07 on Friday. The company has a market capitalization of $9.60 billion, a P/E ratio of 9.71, a PEG ratio of 0.63 and a beta of 1.56. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 0.35. Magna International Inc. has a 12 month low of $30.39 and a 12 month high of $49.78. The firm has a fifty day simple moving average of $35.08 and a 200-day simple moving average of $39.61.

Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings results on Friday, February 14th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.23. Magna International had a return on equity of 12.78% and a net margin of 2.36%. The company had revenue of $10.63 billion during the quarter, compared to analysts’ expectations of $10.32 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Magna International Inc. will post 5.87 earnings per share for the current year.

Magna International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 5.69%. This is a boost from Magna International’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, February 28th. Magna International’s payout ratio is presently 55.27%.

Magna International Company Profile

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.