Magna International Inc. $MGA Shares Acquired by ARGA Investment Management LP

Key Points

• ARGA Investment Management boosted its stake in Magna by 1.1% in Q4 to 4,193,129 shares (about 1.50% ownership), a holding worth roughly $223.5 million and representing ~6.1% of ARGA’s portfolio as its sixth-largest position.
• Strong quarterly results and guidance: Magna reported $2.18 EPS vs. $1.81 expected and $10.74B revenue vs. $10.54B expected, and set FY2026 guidance of $6.25–$7.25 EPS (analysts’ consensus ~6.82).
• Dividend increase: the company raised its quarterly dividend to $0.495 (annualized $1.98), implying a ~3.2% yield and a payout ratio around 67%.

ARGA Investment Management LP boosted its stake in Magna International Inc. (NYSE:MGA - Free Report) TSE: MG by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,193,129 shares of the company's stock after purchasing an additional 44,996 shares during the period. Magna International comprises approximately 6.1% of ARGA Investment Management LP's investment portfolio, making the stock its 6th biggest position. ARGA Investment Management LP owned approximately 1.50% of Magna International worth $223,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MGA. Integrated Wealth Concepts LLC increased its holdings in Magna International by 19.8% in the first quarter. Integrated Wealth Concepts LLC now owns 6,808 shares of the company's stock valued at $231,000 after purchasing an additional 1,123 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Magna International by 14.2% in the second quarter. Ameriprise Financial Inc. now owns 56,868 shares of the company's stock worth $2,196,000 after acquiring an additional 7,073 shares during the period. Farther Finance Advisors LLC increased its position in shares of Magna International by 98.4% during the third quarter. Farther Finance Advisors LLC now owns 2,839 shares of the company's stock worth $134,000 after buying an additional 1,408 shares during the period. JARISLOWSKY FRASER Ltd increased its position in shares of Magna International by 21.0% during the third quarter. JARISLOWSKY FRASER Ltd now owns 20,686 shares of the company's stock worth $980,000 after buying an additional 3,596 shares during the period. Finally, Cigna Investments Inc. New acquired a new stake in shares of Magna International during the third quarter worth $218,000. 67.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price objective on shares of Magna International from $59.00 to $57.00 and set a "sector perform" rating for the company in a research report on Monday, April 13th. Wells Fargo & Company dropped their price objective on Magna International from $69.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 31st. JPMorgan Chase & Co. dropped their price objective on Magna International from $71.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, April 23rd. The Goldman Sachs Group dropped their price objective on Magna International from $60.00 to $52.00 and set a "sell" rating on the stock in a research note on Tuesday, April 14th. Finally, Canadian Imperial Bank of Commerce raised Magna International from a "neutral" rating to an "outperformer" rating and boosted their price objective for the company from $56.00 to $76.00 in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $62.40.

Magna International Trading Down 1.0%

Shares of Magna International stock opened at $62.28 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.87 and a current ratio of 1.25. Magna International Inc. has a 52 week low of $32.54 and a 52 week high of $69.94. The stock has a 50 day moving average price of $58.84 and a two-hundred day moving average price of $54.00. The stock has a market capitalization of $17.09 billion, a PE ratio of 21.11 and a beta of 1.44.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last announced its quarterly earnings data on Friday, February 13th. The company reported $2.18 EPS for the quarter, beating 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 firm had revenue of $10.74 billion during the quarter, compared to analysts' expectations of $10.54 billion. During the same quarter last year, the firm posted $1.69 earnings per share. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, equities analysts anticipate that Magna International Inc. will post 6.82 earnings per share for the current fiscal year.

Magna International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.495 per share. This is an increase from Magna International's previous quarterly dividend of $0.49. The ex-dividend date was Friday, February 27th. This represents a $1.98 dividend on an annualized basis and a yield of 3.2%. Magna International's dividend payout ratio (DPR) is presently 67.12%.

Magna International Profile

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.

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