SG Americas Securities LLC Sells 14,979 Shares of Magna International Inc. $MGA

SG Americas Securities LLC lessened its holdings in Magna International Inc. (NYSE:MGA) (TSE:MG) by 86.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,328 shares of the company’s stock after selling 14,979 shares during the quarter. SG Americas Securities LLC’s holdings in Magna International were worth $124,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MGA. Integrated Wealth Concepts LLC boosted its stake in Magna International by 1.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,241 shares of the company’s stock worth $675,000 after acquiring an additional 246 shares during the last quarter. Kendall Capital Management boosted its stake in Magna International by 4.4% during the 3rd quarter. Kendall Capital Management now owns 8,835 shares of the company’s stock worth $419,000 after acquiring an additional 370 shares during the last quarter. Van ECK Associates Corp boosted its stake in Magna International by 6.0% during the 3rd 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. Community Bank N.A. bought a new position in Magna International during the 3rd quarter worth approximately $29,000. Finally, Farther Finance Advisors LLC boosted its stake in Magna International by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,839 shares of the company’s stock worth $134,000 after acquiring an additional 1,408 shares during the last quarter. Institutional investors own 67.49% of the company’s stock.

Magna International Price Performance

NYSE MGA opened at $60.58 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. Magna International Inc. has a 12-month low of $31.52 and a 12-month high of $69.94. The company has a market capitalization of $16.62 billion, a PE ratio of 20.53 and a beta of 1.44. The firm’s 50 day moving average is $58.66 and its 200-day moving average is $53.30.

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

Magna International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Magna International’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, February 27th. Magna International’s dividend payout ratio is 67.12%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MGA shares. Raymond James Financial lifted their price objective on shares of Magna International from $50.00 to $75.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 17th. Morgan Stanley lifted their price objective on shares of Magna International from $54.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 18th. Scotiabank lifted their price objective on shares of Magna International from $57.00 to $69.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Citigroup lifted their price objective on shares of Magna International from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Finally, Barclays reduced their price objective on shares of Magna International from $67.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.33.

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.