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

Hudson Value Partners LLC purchased a new position in shares of Magna International Inc. (NYSE:MGA) (TSE:MG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,273 shares of the company’s stock, valued at approximately $609,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC lifted its stake in shares of Magna International by 19.8% during the first quarter. Integrated Wealth Concepts LLC now owns 6,808 shares of the company’s stock valued at $231,000 after buying an additional 1,123 shares during the period. Ameriprise Financial Inc. boosted its position in Magna International by 14.2% during the second quarter. Ameriprise Financial Inc. now owns 56,868 shares of the company’s stock worth $2,196,000 after acquiring an additional 7,073 shares during the last quarter. Van ECK Associates Corp boosted its position in Magna International by 6.0% during the third quarter. Van ECK Associates Corp now owns 8,879 shares of the company’s stock worth $421,000 after acquiring an additional 505 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Magna International by 196.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 139,659 shares of the company’s stock worth $6,620,000 after acquiring an additional 92,613 shares during the period. Finally, Danske Bank A S purchased a new stake in Magna International in the 3rd quarter worth approximately $112,000. 67.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. TD increased their price target on Magna International from $75.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Citigroup lifted their price objective on Magna International from $58.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Wells Fargo & Company upped their target price on Magna International from $62.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Scotiabank increased their target price on Magna International from $74.00 to $78.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings raised Magna International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $67.93.

Magna International Stock Performance

NYSE:MGA opened at $70.25 on Wednesday. The company has a market cap of $18.79 billion, a P/E ratio of 25.45, a P/E/G ratio of 0.76 and a beta of 1.44. The firm’s 50 day moving average is $66.38 and its two-hundred day moving average is $61.77. Magna International Inc. has a fifty-two week low of $42.35 and a fifty-two week high of $71.96. 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 announced its quarterly earnings data 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. The company had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.63 billion. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 EPS. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. Analysts expect that Magna International Inc. will post 7.02 EPS for the current year.

Magna International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 14th. Magna International’s payout ratio is 71.74%.

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.