QV Investors Inc. Sells 31,350 Shares of Magna International Inc. $MGA

QV Investors Inc. lowered its position in Magna International Inc. (NYSE:MGA) (TSE:MG) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 554,841 shares of the company’s stock after selling 31,350 shares during the period. Magna International comprises about 2.8% of QV Investors Inc.’s portfolio, making the stock its 13th largest position. QV Investors Inc. owned about 0.21% of Magna International worth $36,472,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in Magna International by 35.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock worth $42,000 after purchasing an additional 205 shares in the last quarter. Oslo Pensjonsforsikring AS bought a new position in shares of Magna International during the 1st quarter worth approximately $45,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Magna International in the 4th quarter worth approximately $49,000. Atlas Capital Advisors Inc. bought a new position in shares of Magna International in the fourth quarter valued at approximately $67,000. Finally, Danske Bank A S bought a new position in shares of Magna International in the third quarter valued at approximately $112,000. 67.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MGA shares. UBS Group boosted their price target on shares of Magna International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Wells Fargo & Company raised their price target on shares of Magna International from $62.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Barclays increased their price objective on Magna International from $66.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Morgan Stanley upped their price target on Magna International from $65.00 to $69.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 18th. Finally, Royal Bank Of Canada lifted their price objective on Magna International from $66.00 to $69.00 and gave the stock a “sector perform” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Magna International currently has a consensus rating of “Hold” and an average price target of $68.20.

Magna International Stock Performance

NYSE MGA opened at $65.86 on Monday. Magna International Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $73.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22. The stock has a 50 day simple moving average of $67.13 and a two-hundred day simple moving average of $63.25. The stock has a market cap of $17.61 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings results on Friday, July 31st. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.33. The company had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.63 billion. Magna International had a net margin of 1.80% and a return on equity of 15.04%. Magna International’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 earnings per share. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. On average, analysts forecast that Magna International Inc. will post 7.07 earnings per share for the current year.

Magna International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.495 dividend. This represents a $1.98 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, August 14th. Magna International’s dividend payout ratio (DPR) is presently 71.74%.

About Magna International

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.