Plato Investment Management Ltd Acquires Shares of 114,356 Magna International Inc. $MGA

Key Points

• Plato Investment Management acquired 114,356 Magna International shares during the second quarter, worth approximately $7.47 million. Institutional investors and hedge funds collectively own 67.49% of the company.
• Magna exceeded quarterly expectations, reporting $1.86 EPS versus the $1.53 consensus estimate and $10.84 billion in revenue, up 3.3% year over year. The company maintained fiscal 2026 EPS guidance of $6.70–$7.30.
• Magna declared a quarterly dividend of $0.495 per share, equating to an annualized $1.98 payout and a 2.8% yield. Despite several price-target increases, analysts maintain a consensus “Hold” rating with an average target of $67.93.

Plato Investment Management Ltd acquired a new position in shares of Magna International Inc. (NYSE:MGA - Free Report) TSE: MG during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 114,356 shares of the company's stock, valued at approximately $7,473,000.

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

Magna International Price Performance

MGA stock opened at $70.24 on Monday. The stock has a market cap of $18.78 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 0.76 and a beta of 1.44. The firm's 50-day simple moving average is $66.53 and its 200 day simple moving average is $62.12. Magna International Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $71.96. 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 (NYSE:MGA - Get Free Report) TSE: MG last posted its earnings results 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. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The firm had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.63 billion. During the same period in the previous year, the business posted $1.44 EPS. Magna International's revenue was up 3.3% on a year-over-year basis. 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 7.05 EPS for the current year.

Magna International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 14th. Magna International's dividend payout ratio is 71.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Magna International from $66.00 to $69.00 and gave the stock a "sector perform" rating in a research report on Monday, August 3rd. Barclays increased their price target on shares of Magna International from $66.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Wells Fargo & Company boosted their price objective on Magna International from $62.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. Canadian Imperial Bank of Commerce cut their price objective on Magna International to $74.00 in a research note on Monday, May 4th. Finally, UBS Group increased their target price on Magna International from $62.00 to $64.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $67.93.

Magna International Company 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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