Magna International Inc. $MGA Stock Holdings Boosted by Systematic Financial Management LP

Systematic Financial Management LP raised its position in shares of Magna International Inc. (NYSE:MGA) (TSE:MG) by 39.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,300 shares of the company’s stock after purchasing 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.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MGA. Hillsdale Investment Management Inc. bought a new position in Magna International during the 3rd quarter valued at $33,593,000. AGF Management Ltd. bought a new position in Magna International during the 3rd quarter valued at $14,191,000. Achmea Investment Management B.V. acquired a new stake in shares of Magna International during the 3rd quarter valued at $8,606,000. Leuthold Group LLC lifted its position in shares of Magna International by 1,057.9% during the 3rd quarter. Leuthold Group LLC now owns 116,279 shares of the company’s stock valued at $5,509,000 after acquiring an additional 106,237 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Magna International by 196.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 139,659 shares of the company’s stock valued at $6,620,000 after acquiring an additional 92,613 shares during the last quarter. 67.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on Magna International from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. The Goldman Sachs Group cut their price objective 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. Raymond James Financial increased their price objective on Magna International from $50.00 to $75.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. TD Securities increased their price objective on Magna International from $58.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Finally, Veritas upgraded Magna International to a “strong-buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Magna International presently has a consensus rating of “Hold” and an average target price of $63.13.

Magna International Price Performance

MGA opened at $64.58 on Monday. The stock has a fifty day moving average of $58.60 and a 200-day moving average of $55.97. The firm has a market capitalization of $17.58 billion, a P/E ratio of 27.02, a PEG ratio of 0.88 and a beta of 1.44. Magna International Inc. has a 12-month low of $34.94 and a 12-month 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.

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

Magna International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a $0.495 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.1%. Magna International’s dividend payout ratio is presently 82.85%.

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.