Magna International Inc. $MGA Stake Increased by Systematic Financial Management LP

Systematic Financial Management LP increased its position in shares of Magna International Inc. (NYSE:MGA) (TSE:MG) by 39.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 68,300 shares of the company’s stock after buying an additional 19,390 shares during the quarter. Systematic Financial Management LP’s holdings in Magna International were worth $3,640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised 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 acquiring an additional 205 shares in the last quarter. Shakespeare Wealth Management LLC purchased a new stake in shares of Magna International during the fourth quarter worth $221,000. Leuthold Group LLC raised its holdings in shares of Magna International by 26.6% during the fourth quarter. Leuthold Group LLC now owns 147,172 shares of the company’s stock worth $7,844,000 after acquiring an additional 30,893 shares in the last quarter. 1620 Investment Advisors Inc. raised its holdings in shares of Magna International by 2.7% during the fourth quarter. 1620 Investment Advisors Inc. now owns 8,232 shares of the company’s stock worth $439,000 after acquiring an additional 215 shares in the last quarter. Finally, Plato Investment Management Ltd raised its holdings in shares of Magna International by 74.5% during the fourth quarter. Plato Investment Management Ltd now owns 69,752 shares of the company’s stock worth $3,741,000 after acquiring an additional 29,785 shares in the last quarter. 67.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MGA shares. TD Securities increased their price objective on Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Morgan Stanley increased their target price on shares of Magna International from $54.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. lowered their target price on shares of Magna International from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Raymond James Financial increased their target price on shares of Magna International from $50.00 to $75.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 17th. Finally, Scotiabank raised shares of Magna International from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $69.00 to $72.00 in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Magna International currently has a consensus rating of “Hold” and a consensus price target of $63.13.

Magna International Trading Down 0.0%

Magna International stock opened at $64.58 on Monday. The company has a market capitalization of $17.58 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 0.88 and a beta of 1.44. The company’s fifty day moving average price is $58.60 and its two-hundred day moving average price is $55.97. Magna International Inc. has a one year low of $34.94 and a one year high of $69.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.88.

Magna International (NYSE:MGA) (TSE:MG) last issued its quarterly earnings results on Friday, May 1st. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.37. The company had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.14 billion. Magna International had a return on equity of 14.01% and a net margin of 1.60%.The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. On average, analysts forecast that Magna International Inc. will post 6.87 earnings per share for the current fiscal year.

Magna International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, May 15th. Magna International’s dividend payout ratio (DPR) is currently 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.