Quantbot Technologies LP Has $5.64 Million Holdings in Magna International Inc. $MGA

Key Points

• Quantbot Technologies LP significantly increased its position in Magna International by 3,849.3% during Q1, acquiring a total of 165,908 shares worth approximately $5.6 million.
• Magna International recently reported a Q2 EPS of $1.44, surpassing estimates of $1.19, but revenue was down 3.0% compared to the same period last year.
• The company announced a quarterly dividend of $0.485 per share, with a dividend yield of 4.4%, to be paid on August 29th.

Quantbot Technologies LP increased its holdings in Magna International Inc. (NYSE:MGA - Free Report) TSE: MG by 3,849.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,908 shares of the company's stock after purchasing an additional 161,707 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of Magna International worth $5,639,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MGA. Versant Capital Management Inc bought a new stake in shares of Magna International in the first quarter worth $27,000. Cromwell Holdings LLC boosted its position in Magna International by 131.6% during the first quarter. Cromwell Holdings LLC now owns 820 shares of the company's stock valued at $28,000 after acquiring an additional 466 shares during the last quarter. LRI Investments LLC boosted its position in Magna International by 2,126.5% during the fourth quarter. LRI Investments LLC now owns 757 shares of the company's stock valued at $32,000 after acquiring an additional 723 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Magna International by 507.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,500 shares of the company's stock valued at $51,000 after acquiring an additional 1,253 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in Magna International during the first quarter valued at $99,000. Institutional investors own 67.49% of the company's stock.

Magna International Stock Up 4.2%

Shares of NYSE MGA traded up $1.8420 during trading on Friday, hitting $46.0420. 1,398,349 shares of the company traded hands, compared to its average volume of 1,437,977. The business's fifty day moving average is $41.46 and its 200 day moving average is $37.71. Magna International Inc. has a fifty-two week low of $30.39 and a fifty-two week high of $47.22. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.03 and a beta of 1.51. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 1.16.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last posted its earnings results on Friday, August 1st. The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.25. Magna International had a net margin of 2.91% and a return on equity of 11.89%. The company had revenue of $10.82 billion for the quarter, compared to analyst estimates of $10.10 billion. During the same quarter in the prior year, the business posted $1.35 EPS. The firm's revenue was down 3.0% compared to the same quarter last year. Magna International has set its FY 2025 guidance at EPS. Equities research analysts predict that Magna International Inc. will post 5.87 earnings per share for the current fiscal year.

Magna International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, August 15th. Magna International's dividend payout ratio is currently 45.54%.

Analyst Ratings Changes

A number of brokerages have commented on MGA. TD Securities upped their price target on shares of Magna International from $50.00 to $52.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Magna International from $47.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. CIBC upped their price target on shares of Magna International from $33.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. BMO Capital Markets cut their price target on shares of Magna International from $47.00 to $41.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Finally, Barclays upped their price target on shares of Magna International from $40.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $42.86.

Magna International Profile

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.