Maxar Technologies Inc provides earth intelligence and space infrastructure solutions worldwide. The company has announced a quarterly dividend of $0.01 per share, which will be paid on Friday, March 31st to shareholders of record on Wednesday, March 15th. The ex-dividend date is Tuesday, March 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. Maxar Technologies’s payout ratio is presently -1.97%. 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.
Maxar Technologies Inc. Receives “Hold” Recommendation from Brokerages
Maxar Technologies Inc. (NYSE: MAXR) has been given an average recommendation of “Hold” by twelve brokerages currently covering the stock, according to MarketBeat Ratings reports. Several brokerages have issued reports on MAXR, with Truist Financial lowering shares of Maxar Technologies from a “buy” rating to a “hold” rating and setting a target price of $53.00 on the stock.
BMO Capital Markets also upped its target price on shares of Maxar Technologies from $27.00 to $53.00 and gave the stock a “market perform” rating. Meanwhile, Wells Fargo & Company downgraded shares of Maxar Technologies from an “overweight” rating to an “equal weight” rating. Canaccord Genuity Group and Royal Bank of Canada both reiterated a “hold” rating on shares of Maxar Technologies.
Insider Trading of Maxar Technologies
In other news, Chief Financial Officer Biggs C. Porter sold 96,000 shares of the company’s stock on February 28th, with an average price of $51.53, resulting in a total value of $4,946,880.00. Following the sale, Porter now directly owns 259,979 shares of the company’s stock valued at approximately $13,396,717.87. Director Eric J. Zahler also sold 5,000 shares of the company’s stock on March 14th, at an average price of $50.95, resulting in a total value of $254,750.00. Following the sale, Zahler now directly owns 31,238 shares of the company’s stock valued at approximately $1,591,576.10.
In the last three months, insiders have sold 130,037 shares of company stock worth $6,695,135. Company insiders own 2.49% of the company’s stock.
Institutional Trading of Maxar Technologies
Unfortunately, the original text did not provide any information on institutional trading of Maxar Technologies Inc.
Institutional Investors Increasing Stake in Maxar Technologies
A number of large investors have recently bought and sold shares of Maxar Technologies (NYSE: MAXR). Zurcher Kantonalbank Zurich Cantonalbank increased its stake in the company by 2.6% during the fourth quarter, now owning 11,050 shares of the company’s stock worth $572,000 after purchasing an additional 282 shares in the last quarter. Similarly, Amalgamated Bank increased its stake by 3.4%, now owning 9,671 shares worth $500,000 after purchasing an additional 318 shares in the last quarter. SummerHaven Investment Management LLC and Keeley Teton Advisors LLC both increased their stakes by 1.4% and 0.3%, respectively. MetLife Investment Management LLC increased its stake by 1.4% as well, owning 39,171 shares of the company’s stock worth $2,027,000 after purchasing an additional 525 shares in the last quarter. Currently, institutional investors own 78.52% of the stock.
Maxar Technologies Stock Performance
Shares of Maxar Technologies opened at $50.66 on Wednesday, with a fifty-day simple moving average of $51.25 and a 200-day simple moving average of $37.23. The company has a current ratio of 0.83, a quick ratio of 0.76, and a debt-to-equity ratio of 1.56. Maxar Technologies has a 1-year low of $17.51 and a 1-year high of $51.93. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of -24.96, a PEG ratio of 1.26, and a beta of 0.87.
Maxar Technologies Quarterly Earnings Report
Maxar Technologies (NYSE:MAXR) recently released its quarterly earnings report on February 22nd. The company reported earnings per share of ($1.09) for the quarter, which was lower than analysts’ consensus estimates of ($0.41) by ($0.68). Maxar Technologies had a negative return on equity of 4.45% and a negative net margin of 9.35%. The firm generated $326.00 million in revenue during the quarter, compared to analyst estimates of $440.56 million. Sell-side analysts expect Maxar Technologies to post earnings per share of 1.05 for the current year.
Maxar Technologies Dividend Announcement
Unfortunately, the original text did not provide any information on Maxar Technologies’ dividend announcement.
Maxar Technologies Announces Quarterly Dividend
Maxar Technologies (NYSE: MAXR) has announced a quarterly dividend of $0.01 per share, which will be paid on Friday, March 31st to shareholders of record on Wednesday, March 15th. The ex-dividend date is Tuesday, March 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. Maxar Technologies’s payout ratio is presently -1.97%.
Maxar Technologies Company Profile
Maxar Technologies Inc provides earth intelligence and space infrastructure solutions globally. 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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