Achmea Investment Management B.V. Acquires New Stake in Magna International Inc. $MGA

Achmea Investment Management B.V. purchased a new stake in Magna International Inc. (NYSE:MGA) (TSE:MG) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 181,592 shares of the company’s stock, valued at approximately $8,606,000. Achmea Investment Management B.V. owned about 0.06% of Magna International at the end of the most recent quarter.

Several other large investors have also modified their holdings of MGA. ARGA Investment Management LP raised its position in Magna International by 33.2% during the third quarter. ARGA Investment Management LP now owns 4,148,133 shares of the company’s stock valued at $196,557,000 after buying an additional 1,033,747 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Magna International during the 3rd quarter worth $33,593,000. Geode Capital Management LLC boosted its stake in Magna International by 20.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,015,407 shares of the company’s stock valued at $77,332,000 after purchasing an additional 338,470 shares during the period. AGF Management Ltd. bought a new stake in shares of Magna International in the third quarter valued at about $14,191,000. Finally, Mediolanum International Funds Ltd bought a new position in Magna International during the second quarter worth about $4,618,000. 67.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Canadian Imperial Bank of Commerce upgraded Magna International from a “neutral” rating to an “outperformer” rating and increased their price objective for the company from $56.00 to $76.00 in a research report on Wednesday, February 18th. Wells Fargo & Company boosted their price objective on shares of Magna International from $50.00 to $58.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. Bank of America initiated coverage on Magna International in a report on Wednesday, March 4th. They set a “buy” rating on the stock. Raymond James Financial boosted their price objective on shares of Magna International from $50.00 to $75.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. Finally, Barclays lifted their price objective on shares of Magna International from $58.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.73.

Magna International Stock Performance

Magna International stock opened at $54.13 on Thursday. The business has a 50 day moving average of $57.89 and a 200-day moving average of $51.89. The company has a market capitalization of $15.06 billion, a P/E ratio of 18.35 and a beta of 1.43. Magna International Inc. has a 1 year low of $30.39 and a 1 year high of $69.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.87.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Friday, February 13th. The company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.37. Magna International had a return on equity of 12.73% and a net margin of 1.99%.The company had revenue of $10.74 billion for the quarter, compared to analyst estimates of $10.54 billion. During the same period in the previous year, the firm earned $1.69 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. On average, equities research analysts predict that Magna International Inc. will post 5.87 earnings per share for the current year.

Magna International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 3.7%. This is a boost from Magna International’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, February 27th. Magna International’s dividend payout ratio (DPR) is presently 67.12%.

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.