Hillsdale Investment Management Inc. Takes $33.59 Million Position in Magna International Inc. $MGA

Hillsdale Investment Management Inc. purchased a new position in Magna International Inc. (NYSE:MGA) (TSE:MG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 709,170 shares of the company’s stock, valued at approximately $33,593,000. Magna International comprises approximately 1.0% of Hillsdale Investment Management Inc.’s investment portfolio, making the stock its 24th largest position.

Other institutional investors have also made changes to their positions in the company. Plato Investment Management Ltd bought a new position in Magna International during the third quarter worth about $1,880,000. ARGA Investment Management LP increased its stake in shares of Magna International by 33.2% in the 3rd quarter. ARGA Investment Management LP now owns 4,148,133 shares of the company’s stock valued at $196,557,000 after acquiring an additional 1,033,747 shares during the last quarter. AGF Management Ltd. acquired a new stake in shares of Magna International in the 3rd quarter valued at approximately $14,191,000. Meritage Portfolio Management bought a new position in Magna International during the 3rd quarter worth approximately $3,551,000. Finally, Western Wealth Management LLC acquired a new position in Magna International during the second quarter valued at approximately $249,000. 67.49% of the stock is owned by institutional investors and hedge funds.

Magna International News Roundup

Here are the key news stories impacting Magna International this week:

• Positive Sentiment: CIBC upgraded MGA to an “outperformer” (from neutral) and lifted its price target sharply to $76 (from $56), a sizable endorsement that supports further upside expectations. Article Title
• Positive Sentiment: Raymond James raised its price target to $75, adding to the sell‑side momentum behind the stock after Magna’s better‑than‑expected quarter. Article Title
• Positive Sentiment: Barclays increased its price target to $67, and analysts from Morgan Stanley and Goldman Sachs separately flagged upside potential — multiple firms now citing stronger fundamentals and forward guidance as drivers. Barclays Article Morgan Stanley Article Goldman Sachs Article
• Neutral Sentiment: Royal Bank of Canada raised its price target to $59 — an upgrade but still below recent trading levels, so its immediate impact on sentiment is mixed. Article Title
• Neutral Sentiment: Aggregated broker data still shows an average recommendation near “Hold,” indicating the analyst community is upbeat but not uniformly bullish. Article Title

Analyst Ratings Changes

Several research firms have weighed in on MGA. TD Securities increased their target price on shares of Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley raised their price objective on Magna International from $54.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Barclays lifted their target price on Magna International from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday. UBS Group increased their price target on Magna International from $49.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Raymond James Financial lifted their price objective on Magna International from $50.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $61.73.

Magna International Stock Performance

MGA opened at $64.92 on Friday. The company has a market capitalization of $18.10 billion, a price-to-earnings ratio of 22.01 and a beta of 1.50. The business’s 50-day moving average price is $55.82 and its two-hundred day moving average price is $49.90. Magna International Inc. has a 1 year low of $30.39 and a 1 year high of $69.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.83.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Friday, February 13th. The company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.37. The company had revenue of $10.74 billion during the quarter, compared to analysts’ expectations of $10.54 billion. Magna International had a return on equity of 12.73% and a net margin of 1.99%.Magna International’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.69 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Equities analysts expect that Magna International Inc. will post 5.87 EPS for the current fiscal year.

Magna International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.98 annualized dividend and a dividend yield of 3.1%. This is an increase from Magna International’s previous quarterly dividend of $0.49. Magna International’s dividend payout ratio (DPR) is 65.76%.

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.