Raymond James & Associates lessened its holdings in Maxar Technologies Inc. (NYSE:MAXR – Get Rating) by 9.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 75,572 shares of the company’s stock after selling 8,155 shares during the period. Raymond James & Associates’ holdings in Maxar Technologies were worth $3,910,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of MAXR. Point72 Hong Kong Ltd acquired a new position in Maxar Technologies during the 3rd quarter worth about $85,000. Allspring Global Investments Holdings LLC lifted its stake in Maxar Technologies by 61.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,482 shares of the company’s stock worth $102,000 after acquiring an additional 2,095 shares in the last quarter. Barclays PLC lifted its stake in Maxar Technologies by 19.2% during the 3rd quarter. Barclays PLC now owns 5,653 shares of the company’s stock worth $106,000 after acquiring an additional 909 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Maxar Technologies during the 1st quarter worth about $183,000. Finally, Riverpoint Wealth Management Holdings LLC acquired a new position in Maxar Technologies during the 4th quarter worth about $184,000. Institutional investors and hedge funds own 78.52% of the company’s stock.
Insider Activity at Maxar Technologies
In related news, SVP Jeff Robertson III sold 9,700 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $51.43, for a total value of $498,871.00. Following the completion of the sale, the senior vice president now directly owns 97,666 shares of the company’s stock, valued at approximately $5,022,962.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Jeff Robertson III sold 9,700 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $51.43, for a total value of $498,871.00. Following the completion of the sale, the senior vice president now directly owns 97,666 shares of the company’s stock, valued at approximately $5,022,962.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Howell M. Estes sold 1,500 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $51.28, for a total value of $76,920.00. Following the completion of the sale, the director now directly owns 50,510 shares of the company’s stock, valued at $2,590,152.80. The disclosure for this sale can be found here. Insiders sold a total of 130,037 shares of company stock valued at $6,695,135 in the last three months. 2.49% of the stock is currently owned by company insiders.
Maxar Technologies Stock Performance
Maxar Technologies (NYSE:MAXR – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The company reported ($1.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.68). Maxar Technologies had a negative net margin of 9.35% and a negative return on equity of 4.45%. The business had revenue of $326.00 million during the quarter, compared to analysts’ expectations of $440.56 million. As a group, equities research analysts expect that Maxar Technologies Inc. will post 0.91 EPS for the current fiscal year.
Maxar Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 15th were given a $0.01 dividend. The ex-dividend date was Tuesday, March 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.08%. Maxar Technologies’s dividend payout ratio (DPR) is presently -1.89%.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada reissued a “sector perform” rating and set a $53.00 target price on shares of Maxar Technologies in a research note on Thursday, February 23rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Maxar Technologies currently has a consensus rating of “Hold” and an average target price of $45.50.
Maxar Technologies Company Profile
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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