DGS Capital Management LLC Boosts Holdings in Magna International Inc. (NYSE:MGA)

DGS Capital Management LLC boosted its stake in Magna International Inc. (NYSE:MGA) (TSE:MG) by 25.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,976 shares of the company’s stock after acquiring an additional 2,027 shares during the period. DGS Capital Management LLC’s holdings in Magna International were worth $409,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Toronto Dominion Bank lifted its holdings in shares of Magna International by 1.2% in the 3rd quarter. Toronto Dominion Bank now owns 1,627,927 shares of the company’s stock valued at $66,810,000 after purchasing an additional 18,704 shares during the last quarter. Quantbot Technologies LP boosted 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 valued at $6,128,000 after acquiring an additional 16,639 shares during the period. BNP Paribas Financial Markets grew its position in shares of Magna International by 117,113.9% during the third quarter. BNP Paribas Financial Markets now owns 84,394 shares of the company’s stock worth $3,464,000 after acquiring an additional 84,322 shares during the last quarter. Millennium Management LLC raised its position in Magna International by 135.5% in the 2nd quarter. Millennium Management LLC now owns 162,739 shares of the company’s stock valued at $6,818,000 after purchasing an additional 93,637 shares during the last quarter. Finally, JARISLOWSKY FRASER Ltd lifted its position in Magna International by 5.9% during the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 7,148,236 shares of the company’s stock worth $299,543,000 after acquiring an additional 395,745 shares during the period. Institutional investors and hedge funds own 67.49% of the company’s stock.

Magna International Stock Performance

Shares of NYSE:MGA opened at $44.30 on Friday. The business’s 50-day simple moving average is $43.28 and its 200 day simple moving average is $42.53. The company has a market cap of $12.73 billion, a P/E ratio of 11.84, a PEG ratio of 0.83 and a beta of 1.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 1.14. Magna International Inc. has a one year low of $38.01 and a one year high of $60.32.

Magna International (NYSE:MGA) (TSE:MG) last posted its earnings results on Friday, November 1st. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.20). The firm had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. Magna International had a return on equity of 11.88% and a net margin of 2.52%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. On average, sell-side analysts forecast that Magna International Inc. will post 5.22 earnings per share for the current fiscal year.

Magna International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.29%. The ex-dividend date was Friday, November 15th. Magna International’s dividend payout ratio (DPR) is 50.80%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MGA shares. UBS Group increased their price target on Magna International from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Wells Fargo & Company upped their price target on Magna International from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Royal Bank of Canada reduced their price objective on Magna International from $42.00 to $41.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Scotiabank lifted their price target on Magna International from $50.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Monday, November 4th. Finally, StockNews.com upgraded shares of Magna International from a “hold” rating to a “buy” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Magna International has an average rating of “Hold” and an average target price of $49.76.

About Magna International

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.