S.A. Mason LLC Has $35,000 Holdings in Magna International Inc. $MGA

S.A. Mason LLC cut its position in Magna International Inc. (NYSE:MGA) (TSE:MG) by 22.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 912 shares of the company’s stock after selling 268 shares during the period. S.A. Mason LLC’s holdings in Magna International were worth $35,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in Magna International by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 252,500 shares of the company’s stock valued at $8,582,000 after buying an additional 13,220 shares in the last quarter. ARK Investment Management LLC bought a new position in shares of Magna International in the first quarter worth about $5,478,000. Janney Montgomery Scott LLC raised its stake in shares of Magna International by 19.9% in the first quarter. Janney Montgomery Scott LLC now owns 251,832 shares of the company’s stock worth $8,560,000 after acquiring an additional 41,811 shares during the last quarter. ARGA Investment Management LP raised its stake in shares of Magna International by 17.0% in the first quarter. ARGA Investment Management LP now owns 2,997,857 shares of the company’s stock worth $101,890,000 after acquiring an additional 436,366 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Magna International by 3,849.3% in the first quarter. Quantbot Technologies LP now owns 165,908 shares of the company’s stock worth $5,639,000 after acquiring an additional 161,707 shares during the last quarter. 67.49% of the stock is currently owned by institutional investors and hedge funds.

Magna International Stock Down 0.7%

Magna International stock opened at $47.01 on Monday. The stock has a market capitalization of $13.25 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.04 and a beta of 1.53. Magna International Inc. has a twelve month low of $30.39 and a twelve month high of $47.79. The company has a quick ratio of 0.82, a current ratio of 1.16 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $44.15 and a 200-day moving average of $38.88.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings results on Friday, August 1st. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.25. The company had revenue of $10.82 billion during the quarter, compared to analysts’ expectations of $10.10 billion. Magna International had a net margin of 2.91% and a return on equity of 11.89%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.35 earnings per share. Magna International has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Magna International Inc. will post 5.87 EPS for the current fiscal year.

Magna International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.485 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.94 dividend on an annualized basis and a yield of 4.1%. Magna International’s dividend payout ratio (DPR) is presently 45.54%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Magna International from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 1st. Wall Street Zen raised shares of Magna International from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Evercore ISI boosted their target price on shares of Magna International from $37.00 to $40.00 and gave the stock an “in-line” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. boosted their target price on shares of Magna International from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Finally, Barclays boosted their target price on shares of Magna International from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.50.

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.