Hudson Value Partners LLC Purchases Shares of 9,273 Magna International Inc. $MGA

Hudson Value Partners LLC acquired a new position in shares of Magna International Inc. (NYSE:MGA) (TSE:MG) in the 2nd quarter, HoldingsChannel reports. The fund acquired 9,273 shares of the company’s stock, valued at approximately $609,000.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Magna International by 35.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock valued at $42,000 after acquiring an additional 205 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new stake in Magna International in the 1st quarter valued at $45,000. IFC & Insurance Marketing Inc. acquired a new stake in Magna International in the 4th quarter valued at $49,000. Atlas Capital Advisors Inc. purchased a new position in Magna International in the fourth quarter valued at about $67,000. Finally, Danske Bank A S acquired a new position in shares of Magna International during the third quarter worth about $112,000. Hedge funds and other institutional investors own 67.49% of the company’s stock.

Magna International Stock Up 0.5%

MGA stock opened at $70.25 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38. The firm has a 50 day simple moving average of $66.38 and a 200-day simple moving average of $61.77. The company has a market capitalization of $18.79 billion, a P/E ratio of 25.45, a PEG ratio of 0.76 and a beta of 1.44. Magna International Inc. has a twelve month low of $42.35 and a twelve month high of $71.96.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings results on Friday, July 31st. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.33. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The firm had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.63 billion. During the same period in the prior year, the company posted $1.44 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. On average, equities research analysts predict that Magna International Inc. will post 7.02 earnings per share for the current fiscal year.

Magna International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.495 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.98 annualized dividend and a dividend yield of 2.8%. Magna International’s payout ratio is presently 71.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MGA shares. The Goldman Sachs Group decreased their target price 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. Canadian Imperial Bank of Commerce dropped their target price on Magna International to $74.00 in a report on Monday, May 4th. Zacks Research lowered Magna International from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their price target on Magna International from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Royal Bank Of Canada increased their price objective on shares of Magna International from $66.00 to $69.00 and gave the company a “sector perform” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $67.93.

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.