QV Investors Inc. Reduces Holdings in Magna International Inc. $MGA

QV Investors Inc. trimmed its stake in Magna International Inc. (NYSE:MGA) (TSE:MG) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 598,556 shares of the company’s stock after selling 46,857 shares during the quarter. Magna International makes up 2.6% of QV Investors Inc.’s portfolio, making the stock its 15th biggest holding. QV Investors Inc.’s holdings in Magna International were worth $31,951,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. ARGA Investment Management LP raised its stake in Magna International by 33.2% in the 3rd quarter. ARGA Investment Management LP now owns 4,148,133 shares of the company’s stock valued at $196,557,000 after purchasing an additional 1,033,747 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in Magna International in the 3rd quarter valued at about $33,593,000. AGF Management Ltd. acquired a new stake in shares of Magna International during the 3rd quarter worth about $14,191,000. Achmea Investment Management B.V. purchased a new stake in shares of Magna International during the third quarter worth about $8,606,000. Finally, Leuthold Group LLC grew its holdings in shares of Magna International by 1,057.9% during the third quarter. Leuthold Group LLC now owns 116,279 shares of the company’s stock worth $5,509,000 after buying an additional 106,237 shares in the last quarter. 67.49% of the stock is currently owned by hedge funds and other institutional investors.

Magna International Stock Performance

NYSE:MGA opened at $55.10 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 18.68 and a beta of 1.44. The firm’s fifty day simple moving average is $57.74 and its 200 day simple moving average is $52.61. Magna International Inc. has a twelve month low of $30.39 and a twelve month high of $69.94.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings results on Friday, February 13th. The company reported $2.18 EPS for the quarter, topping 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 firm had revenue of $10.74 billion for the quarter, compared to analyst estimates of $10.54 billion. During the same period in the previous year, the company posted $1.69 EPS. Magna International’s revenue for the quarter was up 2.1% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, equities research analysts expect that Magna International Inc. will post 5.87 earnings per share for the current fiscal year.

Magna International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.495 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.98 annualized dividend and a yield of 3.6%. This is an increase from Magna International’s previous quarterly dividend of $0.49. Magna International’s dividend payout ratio (DPR) is 67.12%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MGA shares. Barclays cut their price target on Magna International from $67.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, March 30th. Canadian Imperial Bank of Commerce raised Magna International from a “neutral” rating to an “outperformer” rating and lifted their price objective for the company from $56.00 to $76.00 in a research report on Wednesday, February 18th. Wall Street Zen upgraded Magna International from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 19th. UBS Group increased their target price on Magna International from $49.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Finally, Raymond James Financial raised their price target on Magna International from $50.00 to $75.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.93.

Magna International 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.