SG Americas Securities LLC Purchases 11,603 Shares of Magna International Inc. $MGA

SG Americas Securities LLC grew its position in shares of Magna International Inc. (NYSE:MGA) (TSE:MG) by 498.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,931 shares of the company’s stock after buying an additional 11,603 shares during the quarter. SG Americas Securities LLC’s holdings in Magna International were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. DGS Capital Management LLC lifted its position in Magna International by 18.5% in the 4th quarter. DGS Capital Management LLC now owns 44,101 shares of the company’s stock valued at $2,351,000 after acquiring an additional 6,884 shares in the last quarter. State of Tennessee Department of Treasury increased its holdings in shares of Magna International by 0.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 157,482 shares of the company’s stock worth $8,095,000 after purchasing an additional 937 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Magna International by 7.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,090,887 shares of the company’s stock worth $111,549,000 after purchasing an additional 151,819 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Magna International in the fourth quarter worth $67,000. Finally, Arkadios Wealth Advisors raised its stake in shares of Magna International by 7.3% in the fourth quarter. Arkadios Wealth Advisors now owns 4,767 shares of the company’s stock worth $254,000 after purchasing an additional 324 shares during the last quarter. 67.49% of the stock is currently owned by hedge funds and other institutional investors.

Magna International Price Performance

NYSE MGA opened at $65.74 on Tuesday. The company has a 50-day moving average price of $64.16 and a 200-day moving average price of $59.48. Magna International Inc. has a 52 week low of $40.51 and a 52 week high of $69.94. 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 capitalization of $17.75 billion, a P/E ratio of 27.39, a PEG ratio of 0.85 and a beta of 1.44.

Magna International (NYSE:MGA) (TSE:MG) last released its earnings results on Friday, May 1st. The company reported $1.38 earnings per share 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 analysts’ expectations of $10.14 billion. Magna International had a net margin of 1.60% and a return on equity of 14.01%. Magna International’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 EPS. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Equities research analysts anticipate that Magna International Inc. will post 6.87 earnings per share for the current year.

Magna International Announces Dividend

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

Analyst Ratings Changes

MGA has been the subject of several research analyst reports. Veritas upgraded Magna International to a “strong-buy” rating in a report on Monday, May 4th. The Goldman Sachs Group dropped their price target on shares of Magna International from $60.00 to $52.00 and set a “sell” rating on the stock in a report on Tuesday, April 14th. Canadian Imperial Bank of Commerce reduced their price target on shares of Magna International to $74.00 in a research note on Monday, May 4th. UBS Group decreased their price objective on shares of Magna International from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Finally, Wells Fargo & Company dropped their target price on shares of Magna International from $69.00 to $59.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $65.47.

About Magna International

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.