SBI Okasan Asset Management Co.Ltd. Makes New $1.86 Million Investment in Magna International Inc. $MGA

SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Magna International Inc. (NYSE:MGA) (TSE:MG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 34,500 shares of the company’s stock, valued at approximately $1,855,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in shares of Magna International by 35.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock valued at $42,000 after buying an additional 205 shares during the last quarter. 1620 Investment Advisors Inc. grew its position in shares of Magna International by 2.7% during the fourth quarter. 1620 Investment Advisors Inc. now owns 8,232 shares of the company’s stock valued at $439,000 after purchasing an additional 215 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Magna International by 1.8% during the third quarter. Integrated Wealth Concepts LLC now owns 14,241 shares of the company’s stock valued at $675,000 after purchasing an additional 246 shares in the last quarter. Kendall Capital Management grew its position in shares of Magna International by 4.4% during the third quarter. Kendall Capital Management now owns 8,835 shares of the company’s stock valued at $419,000 after purchasing an additional 370 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Magna International by 6.0% during the third quarter. Van ECK Associates Corp now owns 8,879 shares of the company’s stock valued at $421,000 after purchasing an additional 505 shares in the last quarter. Institutional investors own 67.49% of the company’s stock.

Magna International Trading Down 0.3%

Shares of MGA opened at $66.14 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22. Magna International Inc. has a fifty-two week low of $35.34 and a fifty-two week high of $69.94. The stock has a market capitalization of $18.01 billion, a PE ratio of 27.68, a P/E/G ratio of 0.90 and a beta of 1.44. The company’s fifty day moving average is $59.38 and its 200 day moving average is $56.43.

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

Magna International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.495 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.98 annualized dividend and a yield of 3.0%. Magna International’s dividend payout ratio (DPR) is presently 82.85%.

Wall Street Analyst Weigh In

MGA has been the subject of a number of research analyst reports. Raymond James Financial raised 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. Canadian Imperial Bank of Commerce cut their price objective on Magna International to $74.00 in a research report on Monday, May 4th. Wells Fargo & Company reduced their price target on shares of Magna International from $69.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. TD Securities boosted their price target on shares of Magna International from $58.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Finally, Morgan Stanley boosted their price target on shares of Magna International from $54.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Magna International has a consensus rating of “Hold” and a consensus price target of $63.13.

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.