Magna International Inc. (NYSE:MGA) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its position in Magna International Inc. (NYSE:MGAFree Report) (TSE:MG) by 37.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,111 shares of the company’s stock after acquiring an additional 301 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Magna International were worth $46,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank raised its holdings in shares of Magna International by 1.2% in the third quarter. Toronto Dominion Bank now owns 1,627,927 shares of the company’s stock worth $66,810,000 after buying an additional 18,704 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Magna International by 12.5% in the third quarter. Quantbot Technologies LP now owns 149,327 shares of the company’s stock worth $6,128,000 after buying an additional 16,639 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Magna International by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,151,759 shares of the company’s stock worth $46,799,000 after buying an additional 32,000 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Magna International by 117,113.9% in the third quarter. BNP Paribas Financial Markets now owns 84,394 shares of the company’s stock worth $3,464,000 after buying an additional 84,322 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Magna International by 135.5% in the second quarter. Millennium Management LLC now owns 162,739 shares of the company’s stock worth $6,818,000 after buying an additional 93,637 shares during the last quarter. 67.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Scotiabank raised their price target on shares of Magna International from $50.00 to $52.00 and gave the stock a “sector perform” rating in a report on Monday, November 4th. CIBC raised their price target on shares of Magna International from $46.00 to $51.00 in a report on Monday, January 13th. TD Securities reduced their target price on shares of Magna International from $53.00 to $52.00 and set a “buy” rating for the company in a report on Monday, September 30th. Royal Bank of Canada reduced their target price on shares of Magna International from $42.00 to $41.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Finally, Morgan Stanley cut shares of Magna International from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $55.00 to $43.00 in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $49.88.

Read Our Latest Research Report on Magna International

Magna International Stock Down 0.5 %

MGA stock opened at $40.35 on Friday. The firm has a market cap of $11.41 billion, a PE ratio of 10.79, a P/E/G ratio of 0.62 and a beta of 1.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 1.14. The firm’s fifty day moving average is $43.13 and its 200 day moving average is $42.24. Magna International Inc. has a one year low of $38.01 and a one year high of $59.37.

Magna International (NYSE:MGAGet Free Report) (TSE:MG) last released its quarterly earnings results on Friday, November 1st. The company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.20). Magna International had a net margin of 2.52% and a return on equity of 11.88%. The firm had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. During the same quarter in the prior year, the business posted $1.46 EPS. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, research analysts forecast that Magna International Inc. will post 5.22 EPS for the current year.

Magna International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.475 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.90 annualized dividend and a dividend yield of 4.71%. Magna International’s dividend payout ratio (DPR) is 50.80%.

About Magna International

(Free Report)

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.

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Institutional Ownership by Quarter for Magna International (NYSE:MGA)

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