27,798 Shares in Magna International Inc. $MGA Purchased by Founders Financial Securities LLC

Key Points

• Founders Financial Securities acquired 27,798 Magna shares worth approximately $1.77 million, while institutional investors collectively own 67.49% of the company.
• Magna’s latest quarter beat EPS expectations, reporting $1.83 versus the $1.58 consensus, although revenue declined year over year. Analysts remain cautious, with a consensus “Hold” rating and an average price target of $68.87.
• The stock opened at $63.71, near its recent trading range. Magna’s valuation remains relatively low at a P/E ratio of 9.59, but weaker vehicle production and reduced sales guidance continue to weigh on the outlook.

Founders Financial Securities LLC acquired a new position in Magna International Inc. (NYSE:MGA - Free Report) TSE: MG during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,798 shares of the company's stock, valued at approximately $1,770,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oslo Pensjonsforsikring AS acquired a new stake in Magna International during the first quarter valued at $45,000. Versant Capital Management Inc boosted its stake in shares of Magna International by 53.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,171 shares of the company's stock worth $75,000 after acquiring an additional 410 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Magna International by 115.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,675 shares of the company's stock valued at $93,000 after acquiring an additional 896 shares during the period. Louisbourg Investments Inc. acquired a new stake in shares of Magna International during the 3rd quarter valued at about $186,000. Finally, Camelot Portfolios LLC acquired a new stake in shares of Magna International during the 2nd quarter valued at about $211,000. Institutional investors and hedge funds own 67.49% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group upped their price target on Magna International from $62.00 to $64.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. BMO Capital Markets lowered Magna International from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $76.00 to $70.00 in a report on Friday, September 18th. Morgan Stanley dropped their price objective on Magna International from $69.00 to $68.00 and set an "equal weight" rating on the stock in a report on Thursday, October 15th. TD cut their price objective on Magna International from $80.00 to $77.00 and set a "buy" rating for the company in a research report on Thursday, October 8th. Finally, Canadian Imperial Bank of Commerce downgraded Magna International from an "outperformer" rating to a "hold" rating and reduced their target price for the stock from $78.00 to $70.00 in a research note on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $68.87.

Magna International Stock Down 1.5%

MGA opened at $63.71 on Friday. Magna International Inc. has a twelve month low of $45.33 and a twelve month high of $73.22. 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 has a 50-day moving average price of $65.04 and a 200 day moving average price of $62.66. The company has a market cap of $16.54 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.69 and a beta of 1.46.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last issued its quarterly earnings results on Friday, October 30th. The company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.25. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The firm had revenue of $9.86 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same period last year, the company posted $1.33 EPS. Magna International's quarterly revenue was down 3.9% compared to the same quarter last year. Sell-side analysts expect that Magna International Inc. will post 7.03 earnings per share for the current fiscal year.

Key Headlines Impacting Magna International

Here are the key news stories impacting Magna International this week:

• Positive Sentiment: Earnings materially exceeded estimates. Adjusted EPS rose 38% year over year to $1.83, above the $1.58 consensus estimate, while reported diluted EPS increased 33% to $1.44. Magna tops Q3 earnings and revenue estimates
• Positive Sentiment: Margins and operating performance improved. Adjusted EBIT increased 11% to $683 million, and the adjusted EBIT margin expanded 90 basis points to 6.8%, driven by productivity initiatives, restructuring benefits, favorable commercial items, and lower tariff costs. Magna Q3 2026 margins rise as revenue softens
• Positive Sentiment: Cash returns and capital allocation support the shares. Magna returned $658 million to shareholders during the quarter and authorized a new buyback program covering up to 10% of its public float over the next 12 months. The company also raised its 2026 free-cash-flow outlook to $1.85 billion-$1.90 billion. Magna announces strong third-quarter results
• Neutral Sentiment: Management reaffirmed the midpoint of its 2026 adjusted EPS outlook at $6.85-$7.15 and narrowed the adjusted EBIT margin range to 6.3%-6.5%, suggesting confidence in profitability but less certainty around the operating range.
• Negative Sentiment: Revenue declined and the sales outlook was reduced. Third-quarter sales fell 4% to $10.1 billion as North American and Chinese vehicle production declined, programs ended, and recent divestitures reduced revenue. Full-year sales guidance was lowered to $41.2 billion-$42.0 billion, partly reflecting weaker expected production in China and unfavorable program mix. Magna Q3 adjusted earnings rise while sales fall

Magna International Profile

Magna International Inc is a global automotive supplier headquartered in Aurora, Ontario, Canada. The company designs, engineers and manufactures components and systems for automakers, serving vehicle manufacturers across North America, Europe and Asia.

Its products and services span several automotive categories, including body and chassis structures, exterior systems, powertrain and driveline components, seating, vehicle electronics, lighting, mirrors, and advanced driver assistance technologies.

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