Magna International Inc. $MGA Shares Sold by Forsta AP Fonden

Posted by Brenda Bartman on Jun 3rd, 2026

Forsta AP Fonden cut its stake in shares of Magna International Inc. (NYSE:MGA – Free Report) (TSE:MG) by 57.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 62,000 shares of the company’s stock after selling 83,100 shares during the period. Forsta AP Fonden’s holdings in Magna International were worth $3,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Hillsdale Investment Management Inc. lifted its holdings in shares of Magna International by 2.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 725,425 shares of the company’s stock worth $38,741,000 after purchasing an additional 16,255 shares during the period. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Magna International during the fourth quarter worth $1,855,000. Geode Capital Management LLC lifted its holdings in shares of Magna International by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 2,426,843 shares of the company’s stock worth $128,774,000 after purchasing an additional 154,710 shares during the period. Systematic Financial Management LP lifted its holdings in shares of Magna International by 39.6% during the fourth quarter. Systematic Financial Management LP now owns 68,300 shares of the company’s stock worth $3,640,000 after purchasing an additional 19,390 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Magna International by 35.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock worth $42,000 after purchasing an additional 205 shares during the period. 67.49% of the stock is owned by institutional investors and hedge funds.

Magna International Stock Up 4.5%

MGA opened at $68.11 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 0.38. The firm has a market cap of $18.54 billion, a P/E ratio of 28.50, a PEG ratio of 0.88 and a beta of 1.43. Magna International Inc. has a 52 week low of $35.34 and a 52 week high of $69.94. The business’s fifty day simple moving average is $59.85 and its 200 day simple moving average is $56.64.

Magna International (NYSE:MGA – Get Free Report) (TSE:MG) last posted its quarterly earnings data on Friday, May 1st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. The business had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.14 billion. Magna International had a return on equity of 14.01% and a net margin of 1.60%.The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, equities research analysts anticipate that Magna International Inc. will post 6.87 EPS for the current fiscal year.

Magna International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.495 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.9%. Magna International’s dividend payout ratio (DPR) is presently 82.85%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MGA shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $57.00 price target on shares of Magna International in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce decreased their price target on Magna International to $74.00 in a report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Magna International in a report on Friday. UBS Group cut their price objective on Magna International from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, The Goldman Sachs Group cut their price objective on Magna International from $60.00 to $52.00 and set a “sell” rating for the company in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $63.13.

Read Our Latest Analysis on MGA

Magna International Profile

(Free Report)

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.