Magna International Inc. (NYSE:MGA) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lessened its position in shares of Magna International Inc. (NYSE:MGA) (TSE:MG) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,965 shares of the company’s stock after selling 663 shares during the period. Stanley Laman Group Ltd.’s holdings in Magna International were worth $3,129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MGA. Pzena Investment Management LLC raised its position in Magna International by 58.2% in the 3rd quarter. Pzena Investment Management LLC now owns 9,811,009 shares of the company’s stock valued at $525,968,000 after purchasing an additional 3,609,429 shares during the last quarter. Toronto Dominion Bank raised its position in Magna International by 8.7% in the 3rd quarter. Toronto Dominion Bank now owns 1,966,610 shares of the company’s stock valued at $105,430,000 after purchasing an additional 157,808 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Magna International by 0.3% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 950,693 shares of the company’s stock valued at $56,325,000 after purchasing an additional 2,727 shares during the last quarter. QV Investors Inc. raised its position in Magna International by 20.7% in the 4th quarter. QV Investors Inc. now owns 660,256 shares of the company’s stock valued at $39,202,000 after purchasing an additional 113,332 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Magna International by 1.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 144,583 shares of the company’s stock valued at $7,751,000 after purchasing an additional 1,737 shares during the last quarter. Institutional investors and hedge funds own 67.49% of the company’s stock.

Magna International Trading Down 1.1 %

Shares of MGA stock traded down $0.52 during trading hours on Thursday, hitting $48.69. 1,469,184 shares of the company were exchanged, compared to its average volume of 1,365,986. The firm has a market cap of $13.99 billion, a PE ratio of 11.58, a PEG ratio of 0.50 and a beta of 1.69. Magna International Inc. has a 1 year low of $46.71 and a 1 year high of $65.27. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $52.91 and a 200 day moving average of $54.18.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.13). Magna International had a net margin of 2.83% and a return on equity of 13.15%. The business had revenue of $10.45 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts expect that Magna International Inc. will post 6.11 earnings per share for the current year.

Magna International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a $0.475 dividend. This is an increase from Magna International’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, February 22nd. This represents a $1.90 annualized dividend and a yield of 3.90%. Magna International’s dividend payout ratio (DPR) is 45.02%.

Analysts Set New Price Targets

Several equities analysts have issued reports on MGA shares. Wells Fargo & Company dropped their price objective on shares of Magna International from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. BMO Capital Markets lowered their price target on shares of Magna International from $67.00 to $65.00 and set an “outperform” rating on the stock in a research note on Monday, February 12th. Royal Bank of Canada lowered their price target on shares of Magna International from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Monday, February 12th. StockNews.com raised shares of Magna International from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Magna International from $69.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.50.

Magna International Company 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.