Magna International (TSE:MG) Insider Uwe Paul-Ernst Geissinger Sells 22,434 Shares

Magna International Inc. (TSE:MG) (NYSE:MGA) insider Uwe Paul-Ernst Geissinger sold 22,434 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$86.46, for a total value of C$1,939,643.64. Following the completion of the transaction, the insider directly owned 30,470 shares of the company’s stock, valued at approximately C$2,634,436.20. The trade was a 42.41% decrease in their position.

Uwe Paul-Ernst Geissinger also recently made the following trade(s):

• On Monday, May 11th, Uwe Paul-Ernst Geissinger sold 19,732 shares of Magna International stock. The stock was sold at an average price of C$86.46, for a total value of C$1,706,028.72.
• On Monday, May 11th, Uwe Paul-Ernst Geissinger sold 2,834 shares of Magna International stock. The stock was sold at an average price of C$86.46, for a total value of C$245,027.64.

Magna International Stock Performance

Shares of TSE:MG traded up C$0.25 on Wednesday, hitting C$85.58. The company’s stock had a trading volume of 1,257,956 shares, compared to its average volume of 1,458,761. Magna International Inc. has a 12 month low of C$48.20 and a 12 month high of C$95.18. The company has a market capitalization of C$23.66 billion, a price-to-earnings ratio of 36.11, a price-to-earnings-growth ratio of 0.45 and a beta of 2.05. The stock’s 50-day moving average is C$80.05 and its two-hundred day moving average is C$76.12. The company has a debt-to-equity ratio of 56.24, a quick ratio of 0.83 and a current ratio of 1.22.

Magna International (TSE:MG) (NYSE:MGA) last released its quarterly earnings results on Friday, May 1st. The company reported C$1.92 earnings per share (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 during the quarter. On average, equities research analysts forecast that Magna International Inc. will post 8.8948171 EPS for the current year.

Magna International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be issued a $0.495 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.98 annualized dividend and a dividend yield of 2.3%. Magna International’s dividend payout ratio is 82.28%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MG shares. Scotiabank upgraded Magna International from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Veritas upgraded Magna International to a “strong-buy” rating in a report on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce upgraded Magna International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Four research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$61.00.

About Magna International

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.