Magna International Inc. $MGA Shares Acquired by QV Investors Inc.

Key Points

• QV Investors increased its Magna International stake by 33.3% in the third quarter, purchasing 184,631 additional shares. The fund now owns 739,472 shares valued at approximately $47.2 million, while institutional investors collectively hold 67.49% of the stock.
• Magna reported quarterly earnings of $1.86 per share, beating estimates of $1.53, while revenue rose 3.3% year over year to $10.84 billion. The company guided to fiscal 2026 EPS of $6.70–$7.30 and analysts expect approximately $7.02.
• The company maintains a quarterly dividend of $0.495 per share, equivalent to a 3.0% annual yield. Despite the stock trading up 1.5% to $66.38, analysts hold a consensus “Hold” rating with a $69.13 target price.

QV Investors Inc. boosted its position in Magna International Inc. (NYSE:MGA - Free Report) TSE: MG by 33.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 739,472 shares of the company's stock after buying an additional 184,631 shares during the quarter. Magna International makes up about 3.5% of QV Investors Inc.'s holdings, making the stock its 8th largest position. QV Investors Inc. owned about 0.28% of Magna International worth $47,220,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of Magna International during the 2nd quarter worth $28,495,000. TD Waterhouse Canada Inc. increased its holdings in Magna International by 10.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,130,562 shares of the company's stock worth $134,577,000 after acquiring an additional 206,433 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Magna International in the 2nd quarter worth about $9,160,000. Plato Investment Management Ltd purchased a new stake in Magna International in the 2nd quarter worth about $7,473,000. Finally, Hillsdale Investment Management Inc. raised its stake in Magna International by 14.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 832,575 shares of the company's stock valued at $46,486,000 after acquiring an additional 107,150 shares during the period. 67.49% of the stock is owned by hedge funds and other institutional investors.

Magna International Trading Up 1.5%

NYSE:MGA opened at $66.38 on Wednesday. Magna International Inc. has a 1 year low of $44.64 and a 1 year high of $73.22. The stock's fifty day moving average price is $66.03 and its two-hundred day moving average price is $64.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.88. The company has a market cap of $17.58 billion, a P/E ratio of 24.05, a P/E/G ratio of 0.70 and a beta of 1.46.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last announced its quarterly earnings results on Friday, July 31st. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.33. Magna International had a return on equity of 15.04% and a net margin of 1.80%. The company had revenue of $10.84 billion during the quarter, compared to analysts' expectations of $10.63 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. As a group, analysts expect that Magna International Inc. will post 7.02 EPS for the current year.

Magna International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.4950 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.98 annualized dividend and a yield of 3.0%. Magna International's dividend payout ratio (DPR) is currently 71.74%.

Wall Street Analyst Weigh In

MGA has been the topic of several recent research reports. BMO Capital Markets reaffirmed a "market perform" rating and set a $70.00 price objective (down from $76.00) on shares of Magna International in a report on Friday, September 18th. Morgan Stanley cut their target price on shares of Magna International from $69.00 to $68.00 and set an "equal weight" rating for the company in a research report on Thursday, October 15th. Barclays lifted their target price on shares of Magna International from $68.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Friday, October 9th. Weiss Ratings upgraded shares of Magna International from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company boosted their price target on shares of Magna International from $62.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $69.13.

About Magna International

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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