Magna International Inc. $MGA Stake Cut by Mufg Securities Canada LTD.

Posted by Brian Himes on Jun 15th, 2026

Mufg Securities Canada LTD. trimmed its stake in Magna International Inc. (NYSE:MGA – Free Report) (TSE:MG) by 8.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 403,351 shares of the company’s stock after selling 34,943 shares during the quarter. Mufg Securities Canada LTD. owned approximately 0.14% of Magna International worth $21,507,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Community Bank N.A. bought a new stake in Magna International in the third quarter valued at $29,000. EverSource Wealth Advisors LLC lifted its stake in Magna International by 35.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock valued at $42,000 after buying an additional 205 shares during the last quarter. IFC & Insurance Marketing Inc. bought a new stake in Magna International in the fourth quarter valued at $49,000. Atlas Capital Advisors Inc. bought a new stake in Magna International in the fourth quarter valued at $67,000. Finally, Danske Bank A S bought a new stake in Magna International in the third quarter valued at $112,000. 67.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MGA. Weiss Ratings reiterated a “hold (c)” rating on shares of Magna International in a research note on Friday, May 29th. TD Securities raised their target price on Magna International from $58.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Wells Fargo & Company cut their target price on Magna International from $69.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. UBS Group cut their target price on Magna International from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Finally, Canadian Imperial Bank of Commerce cut their target price on Magna International to $74.00 in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $64.19.

Get Our Latest Analysis on MGA

Magna International Price Performance

Shares of MGA opened at $66.66 on Monday. The firm has a market capitalization of $18.15 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 0.91 and a beta of 1.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22. Magna International Inc. has a one year low of $36.74 and a one year high of $69.94. The stock’s fifty day moving average is $62.00 and its 200-day moving average is $57.81.

Magna International (NYSE:MGA – Get Free Report) (TSE:MG) last issued its quarterly earnings results on Friday, May 1st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. The company 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 company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Equities analysts anticipate that Magna International Inc. will post 6.87 EPS for the current year.

Magna International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. Magna International’s dividend payout ratio (DPR) is 82.85%.

About Magna International

(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.