Hillsdale Investment Management Inc. Purchases New Position in Magna International Inc. $MGA

Hillsdale Investment Management Inc. purchased a new stake in Magna International Inc. (NYSE:MGA) (TSE:MG) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 709,170 shares of the company’s stock, valued at approximately $33,593,000. Magna International accounts for 1.0% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 24th largest holding. Hillsdale Investment Management Inc. owned about 0.25% of Magna International as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of Magna International by 98.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,839 shares of the company’s stock worth $134,000 after purchasing an additional 1,408 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in Magna International in the third quarter valued at about $210,000. RiverFront Investment Group LLC acquired a new position in Magna International in the second quarter valued at about $213,000. Cigna Investments Inc. New bought a new stake in Magna International during the third quarter worth about $218,000. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Magna International by 19.8% during the first quarter. Integrated Wealth Concepts LLC now owns 6,808 shares of the company’s stock worth $231,000 after buying an additional 1,123 shares in the last quarter. 67.49% of the stock is owned by institutional investors.

Key Magna International News

Here are the key news stories impacting Magna International this week:

• Positive Sentiment: CIBC upgraded MGA to an “outperformer” (from neutral) and lifted its price target sharply to $76 (from $56), a sizable endorsement that supports further upside expectations. Article Title
• Positive Sentiment: Raymond James raised its price target to $75, adding to the sell‑side momentum behind the stock after Magna’s better‑than‑expected quarter. Article Title
• Positive Sentiment: Barclays increased its price target to $67, and analysts from Morgan Stanley and Goldman Sachs separately flagged upside potential — multiple firms now citing stronger fundamentals and forward guidance as drivers. Barclays Article Morgan Stanley Article Goldman Sachs Article
• Neutral Sentiment: Royal Bank of Canada raised its price target to $59 — an upgrade but still below recent trading levels, so its immediate impact on sentiment is mixed. Article Title
• Neutral Sentiment: Aggregated broker data still shows an average recommendation near “Hold,” indicating the analyst community is upbeat but not uniformly bullish. Article Title

Magna International Trading Down 2.6%

Shares of MGA opened at $64.92 on Friday. The stock’s fifty day simple moving average is $55.82 and its 200-day simple moving average is $49.90. The firm has a market capitalization of $18.10 billion, a PE ratio of 22.01 and a beta of 1.50. Magna International Inc. has a 12-month low of $30.39 and a 12-month high of $69.94. The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

Magna International (NYSE:MGA) (TSE:MG) last announced its quarterly earnings data on Friday, February 13th. The company reported $2.18 EPS for the quarter, topping 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 analyst estimates of $10.54 billion. During the same period last year, the company earned $1.69 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, research analysts predict that Magna International Inc. will post 5.87 earnings per share for the current year.

Magna International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from Magna International’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, February 27th. Magna International’s payout ratio is presently 65.76%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MGA. Wall Street Zen upgraded Magna International from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 19th. BMO Capital Markets boosted their price objective on Magna International from $49.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Wells Fargo & Company raised their target price on Magna International from $50.00 to $58.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. Morgan Stanley lifted their price target on Magna International from $54.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Magna International from $53.00 to $57.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.73.

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.