Magna International (TSE:MG) Insider John Hugh Farrell Sells 31,523 Shares of Stock

Magna International Inc. (TSE:MG) (NYSE:MGA) insider John Hugh Farrell sold 31,523 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$89.41, for a total transaction of C$2,818,471.43. Following the transaction, the insider directly owned 50,020 shares of the company’s stock, valued at approximately C$4,472,288.20. This trade represents a 38.66% decrease in their position.

Magna International Stock Up 1.8%

TSE:MG opened at C$91.77 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.22 and a debt-to-equity ratio of 56.24. The stock’s fifty day moving average is C$81.44 and its two-hundred day moving average is C$77.55. Magna International Inc. has a 52 week low of C$48.50 and a 52 week high of C$95.18. The stock has a market capitalization of C$25.37 billion, a price-to-earnings ratio of 38.72, a price-to-earnings-growth ratio of 0.45 and a beta of 2.05.

Magna International (TSE:MG) (NYSE:MGA) last released its quarterly earnings results on Friday, May 1st. The company reported C$1.92 EPS for the quarter. Magna International had a return on equity of 5.43% and a net margin of 1.59%.The company had revenue of C$14.43 billion for the quarter. Research analysts anticipate that Magna International Inc. will post 8.8948171 EPS for the current year.

Magna International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, May 15th. Magna International’s dividend payout ratio is 82.28%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MG shares. Scotiabank upgraded shares of Magna International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Canadian Imperial Bank of Commerce upgraded shares of Magna International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Veritas upgraded shares of Magna International to a “strong-buy” rating in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Magna International has a consensus rating of “Buy” and an average target price of C$61.00.

Magna International Company Profile

Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets-North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle systems to deliver performance, safety and quality.