Magna International (TSE:MG) Insider Sells C$2,818,471.43 in Stock

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

Magna International Stock Performance

TSE:MG traded up C$1.82 during trading hours on Wednesday, reaching C$91.94. 244,387 shares of the stock were exchanged, compared to its average volume of 1,445,099. 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 firm has a 50 day simple moving average of C$81.14 and a 200-day simple moving average of C$77.40. 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$25.41 billion, a P/E ratio of 38.79, a P/E/G ratio of 0.45 and a beta of 2.05.

Magna International (TSE:MG) (NYSE:MGA) last released its 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. As a group, sell-side analysts forecast that Magna International Inc. will post 8.8948171 earnings per share for the current fiscal year.

Magna International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 29th will be issued 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 of this dividend is Friday, May 15th. Magna International’s dividend payout ratio (DPR) is currently 82.28%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MG. Veritas raised Magna International to a “strong-buy” rating in a report on Monday, May 4th. Canadian Imperial Bank of Commerce raised Magna International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Scotiabank raised Magna International from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Four analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Magna International presently has a consensus rating of “Buy” and a consensus price target 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.