Natixis increased its stake in shares of Maxar Technologies Inc. (NYSE:MAXR – Get Rating) by 59.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,693 shares of the company’s stock after purchasing an additional 10,697 shares during the quarter. Natixis’ holdings in Maxar Technologies were worth $740,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Keeley Teton Advisors LLC raised its holdings in shares of Maxar Technologies by 68.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 130,203 shares of the company’s stock valued at $5,138,000 after purchasing an additional 52,762 shares in the last quarter. Valicenti Advisory Services Inc. purchased a new stake in Maxar Technologies during the 2nd quarter worth about $1,712,000. Exchange Traded Concepts LLC boosted its position in shares of Maxar Technologies by 17.6% during the 2nd quarter. Exchange Traded Concepts LLC now owns 5,315 shares of the company’s stock worth $139,000 after acquiring an additional 795 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Maxar Technologies by 2.0% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 31,349 shares of the company’s stock valued at $1,237,000 after acquiring an additional 613 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Maxar Technologies by 52.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 29,334 shares of the company’s stock valued at $765,000 after acquiring an additional 10,087 shares during the last quarter. Hedge funds and other institutional investors own 78.30% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Robert W. Baird lowered their price target on Maxar Technologies from $52.00 to $45.00 in a report on Wednesday, August 10th. TD Securities lowered their target price on shares of Maxar Technologies from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 24th. BMO Capital Markets cut their price target on shares of Maxar Technologies from $32.00 to $27.00 and set a “market perform” rating on the stock in a research note on Monday, November 7th. Truist Financial decreased their price objective on shares of Maxar Technologies from $44.00 to $37.00 in a research note on Wednesday, November 23rd. Finally, Royal Bank of Canada set a $30.00 target price on Maxar Technologies and gave the stock an “outperform” rating in a research report on Thursday, November 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.83.
Maxar Technologies Price Performance
Shares of MAXR opened at $23.98 on Wednesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.92 and a current ratio of 0.98. Maxar Technologies Inc. has a fifty-two week low of $17.51 and a fifty-two week high of $40.48. The firm has a 50-day simple moving average of $22.47 and a 200-day simple moving average of $24.58. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 63.11, a price-to-earnings-growth ratio of 1.26 and a beta of 1.41.
Maxar Technologies (NYSE:MAXR – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). The company had revenue of $436.00 million for the quarter, compared to analyst estimates of $458.17 million. Maxar Technologies had a return on equity of 2.73% and a net margin of 1.72%. On average, equities research analysts anticipate that Maxar Technologies Inc. will post 0.52 earnings per share for the current year.
Maxar Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be given a $0.01 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.17%. Maxar Technologies’s dividend payout ratio (DPR) is 10.53%.
Maxar Technologies Profile
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Maxar Technologies Inc provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally. It operates through two segments, Earth Intelligence and Space Infrastructure. The Earth Intelligence segment offers earth imagery and other geospatial data sourced from its advanced satellite constellation and third-party providers to public sector and enterprise customers, as well as a provides advanced geospatial information, applications, and analytic services for national security and commercial solutions.
See Also
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