Lazard Asset Management LLC Grows Stock Position in Maxar Technologies Inc. (NYSE:MAXR)

Lazard Asset Management LLC boosted its position in Maxar Technologies Inc. (NYSE:MAXRGet Rating) by 28.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,974 shares of the company’s stock after buying an additional 1,323 shares during the quarter. Lazard Asset Management LLC’s holdings in Maxar Technologies were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of MAXR. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Maxar Technologies in the second quarter worth $29,000. US Bancorp DE grew its position in shares of Maxar Technologies by 24.3% in the second quarter. US Bancorp DE now owns 2,405 shares of the company’s stock valued at $62,000 after purchasing an additional 470 shares in the last quarter. Ellevest Inc. grew its position in shares of Maxar Technologies by 3,768.1% in the second quarter. Ellevest Inc. now owns 3,636 shares of the company’s stock valued at $95,000 after purchasing an additional 3,542 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Maxar Technologies by 17.6% in the second quarter. Exchange Traded Concepts LLC now owns 5,315 shares of the company’s stock valued at $139,000 after purchasing an additional 795 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Maxar Technologies by 28.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,974 shares of the company’s stock valued at $154,000 after purchasing an additional 1,323 shares in the last quarter. 78.30% of the stock is owned by hedge funds and other institutional investors.

Maxar Technologies Trading Up 0.8 %

NYSE MAXR opened at $26.68 on Tuesday. Maxar Technologies Inc. has a 1-year low of $17.51 and a 1-year high of $40.48. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.49. The stock has a 50-day moving average of $21.69 and a 200-day moving average of $24.91. The firm has a market cap of $1.98 billion, a PE ratio of 70.21, a price-to-earnings-growth ratio of 0.95 and a beta of 1.40.

Maxar Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend is Wednesday, December 14th. Maxar Technologies’s dividend payout ratio (DPR) is presently 10.53%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MAXR shares. TD Securities reduced their price target on Maxar Technologies from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, November 7th. Wells Fargo & Company reduced their price target on Maxar Technologies from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, August 11th. Canaccord Genuity Group dropped their price objective on Maxar Technologies from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Robert W. Baird dropped their price objective on Maxar Technologies from $52.00 to $45.00 in a research note on Wednesday, August 10th. Finally, Truist Financial dropped their price objective on Maxar Technologies from $52.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.58.

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.

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Institutional Ownership by Quarter for Maxar Technologies (NYSE:MAXR)

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