Leuthold Group LLC boosted its stake in Magna International Inc. (NYSE:MGA – Free Report) (TSE:MG) by 26.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 147,172 shares of the company’s stock after buying an additional 30,893 shares during the period. Leuthold Group LLC owned 0.05% of Magna International worth $7,844,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Plato Investment Management Ltd purchased a new stake in Magna International in the third quarter worth about $1,880,000. AGF Management Ltd. purchased a new stake in Magna International in the third quarter worth about $14,191,000. ARGA Investment Management LP lifted its holdings in Magna International by 33.2% in the third quarter. ARGA Investment Management LP now owns 4,148,133 shares of the company’s stock worth $196,557,000 after buying an additional 1,033,747 shares during the period. Achmea Investment Management B.V. purchased a new stake in Magna International in the third quarter worth about $8,606,000. Finally, Quantbot Technologies LP lifted its holdings in Magna International by 65.5% in the third quarter. Quantbot Technologies LP now owns 199,899 shares of the company’s stock worth $9,471,000 after buying an additional 79,133 shares during the period. 67.49% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Magna International from $60.00 to $52.00 and set a “sell” rating for the company in a report on Tuesday, April 14th. TD Securities raised their price objective on shares of Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Wall Street Zen upgraded shares of Magna International from a “buy” rating to a “strong-buy” rating in a report on Monday, January 19th. Barclays lowered their target price on shares of Magna International from $67.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, March 30th. Finally, Zacks Research lowered shares of Magna International from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Magna International presently has a consensus rating of “Hold” and an average target price of $63.13.
Magna International Price Performance
MGA stock opened at $60.40 on Friday. The firm has a 50 day moving average price of $58.30 and a 200-day moving average price of $55.37. Magna International Inc. has a 52-week low of $34.94 and a 52-week high of $69.94. The firm has a market capitalization of $16.57 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 0.82 and a beta of 1.44. 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 (NYSE:MGA – Get Free Report) (TSE:MG) last announced its quarterly earnings results on Friday, May 1st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.37. The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.14 billion. Magna International had a net margin of 1.60% and a return on equity of 14.01%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Equities research analysts forecast that Magna International Inc. will post 6.87 EPS for the current fiscal year.
Magna International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.98 annualized dividend and a dividend yield of 3.3%. Magna International’s dividend payout ratio (DPR) is 82.85%.
Magna International Company 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.
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