Amundi Increases Stock Holdings in Magna International Inc. $MGA

Key Points

• Amundi increased its Magna International stake by 4.2% in the second quarter, acquiring 71,927 additional shares and bringing its holdings to 1.78 million shares worth approximately $117.8 million.
• Magna reported quarterly EPS of $1.86, exceeding analyst estimates of $1.53, while revenue rose 3.3% year over year to $10.84 billion. The company reaffirmed fiscal 2026 EPS guidance of $6.70–$7.30.
• The company pays a quarterly dividend of $0.495, or $1.98 annually, representing a 3.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $68.20, compared with the stock’s recent price of $65.57.

Amundi boosted its holdings in Magna International Inc. (NYSE:MGA - Free Report) TSE: MG by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,781,357 shares of the company's stock after purchasing an additional 71,927 shares during the quarter. Amundi owned approximately 0.67% of Magna International worth $117,778,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in shares of Magna International by 35.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company's stock worth $42,000 after acquiring an additional 205 shares during the last quarter. Oslo Pensjonsforsikring AS purchased a new stake in shares of Magna International during the 1st quarter valued at $45,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Magna International during the 4th quarter worth $49,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Magna International during the 4th quarter worth $67,000. Finally, Danske Bank A S purchased a new position in shares of Magna International in the 3rd quarter worth $112,000. 67.49% of the stock is owned by institutional investors and hedge funds.

Magna International Stock Down 1.5%

NYSE MGA opened at $65.57 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 0.38. Magna International Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $73.22. The business has a 50 day moving average price of $67.41 and a two-hundred day moving average price of $63.41. The stock has a market cap of $17.37 billion, a PE ratio of 23.76, a P/E/G ratio of 0.71 and a beta of 1.45.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last posted its quarterly earnings data on Friday, July 31st. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.33. The company had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.63 billion. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 earnings per share. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. As a group, sell-side analysts predict that Magna International Inc. will post 7.06 EPS for the current fiscal year.

Magna International Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on Magna International from $66.00 to $68.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Royal Bank Of Canada lifted their price objective on Magna International from $66.00 to $69.00 and gave the company a "sector perform" rating in a research note on Monday, August 3rd. Morgan Stanley boosted their target price on Magna International from $65.00 to $69.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 18th. Wall Street Zen raised shares of Magna International from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 29th. Finally, Scotiabank raised their price target on shares of Magna International from $74.00 to $78.00 and gave the company a "sector outperform" rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $68.20.

Magna International Company Profile

Magna International Inc is a Canadian global automotive supplier headquartered in Aurora, Ontario. The company develops and manufactures components, systems and technologies for automakers, serving both traditional internal-combustion vehicle programs and electric-vehicle platforms.

Its principal business areas include body and exterior systems, structures and exteriors, powertrain and driveline systems, seating, electronic systems, advanced driver-assistance technologies and vehicle access systems.

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