Leuthold Group LLC Purchases 30,893 Shares of Magna International Inc. $MGA

Leuthold Group LLC lifted its position in shares of Magna International Inc. (NYSE:MGA) (TSE:MG) by 26.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,172 shares of the company’s stock after acquiring an additional 30,893 shares during the period. Leuthold Group LLC’s holdings in Magna International were worth $7,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. 1620 Investment Advisors Inc. grew its position in shares of Magna International by 2.7% during the 4th quarter. 1620 Investment Advisors Inc. now owns 8,232 shares of the company’s stock valued at $439,000 after acquiring an additional 215 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Magna International by 1.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,241 shares of the company’s stock valued at $675,000 after acquiring an additional 246 shares during the period. Kendall Capital Management lifted its stake in shares of Magna International by 4.4% during the 3rd quarter. Kendall Capital Management now owns 8,835 shares of the company’s stock valued at $419,000 after buying an additional 370 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Magna International by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 8,879 shares of the company’s stock valued at $421,000 after buying an additional 505 shares in the last quarter. Finally, Community Bank N.A. purchased a new position in shares of Magna International during the 3rd quarter valued at $29,000. Institutional investors own 67.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on MGA shares. Morgan Stanley lifted their target price on shares of Magna International from $54.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 18th. Bank of America started coverage on shares of Magna International in a research note on Wednesday, March 4th. They set a “buy” rating on the stock. Scotiabank upgraded shares of Magna International from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $69.00 to $72.00 in a research note on Friday, April 24th. Royal Bank Of Canada restated a “sector perform” rating and set a $57.00 target price on shares of Magna International in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Magna International from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $63.13.

Magna International Stock Down 4.6%

Shares of MGA stock opened at $60.40 on Friday. The stock has a market cap of $16.57 billion, a P/E ratio of 25.27, a PEG ratio of 0.82 and a beta of 1.44. Magna International Inc. has a 52 week low of $34.94 and a 52 week 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. The company’s fifty day simple moving average is $58.30 and its two-hundred day simple moving average is $55.37.

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

Magna International Announces Dividend

The business also recently declared 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 is Friday, May 15th. This represents a $1.98 annualized dividend and a yield of 3.3%. Magna International’s payout ratio is presently 82.85%.

Magna International 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.