Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Maxar Technologies Inc. (NYSE:MAXR) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,187 shares of the company’s stock, valued at approximately $123,000.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Maxar Technologies by 3.1% during the 4th quarter. BlackRock Inc. now owns 4,977,311 shares of the company’s stock worth $192,075,000 after purchasing an additional 151,984 shares during the period. Bank of New York Mellon Corp boosted its position in Maxar Technologies by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 996,410 shares of the company’s stock worth $38,453,000 after purchasing an additional 87,557 shares during the period. Reinhart Partners Inc. boosted its position in Maxar Technologies by 24.5% in the 4th quarter. Reinhart Partners Inc. now owns 729,489 shares of the company’s stock valued at $28,151,000 after buying an additional 143,428 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Maxar Technologies by 51.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 634,569 shares of the company’s stock valued at $15,827,000 after buying an additional 216,835 shares during the last quarter. Finally, Rempart Asset Management Inc. purchased a new position in Maxar Technologies in the 4th quarter valued at about $23,131,000. Institutional investors and hedge funds own 70.53% of the company’s stock.
Shares of NYSE:MAXR opened at $37.83 on Thursday. The firm’s 50 day moving average is $42.64 and its two-hundred day moving average is $36.32. Maxar Technologies Inc. has a 52 week low of $8.65 and a 52 week high of $58.75. The firm has a market capitalization of $2.33 billion, a P/E ratio of 6.12 and a beta of 1.45. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.11%. The ex-dividend date was Friday, March 12th. Maxar Technologies’s dividend payout ratio (DPR) is presently -1.90%.
MAXR has been the topic of a number of recent analyst reports. Credit Suisse Group cut their target price on shares of Maxar Technologies from $56.00 to $55.00 and set a “neutral” rating on the stock in a research note on Monday, March 22nd. Zacks Investment Research upgraded shares of Maxar Technologies from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Tuesday, March 30th. Raymond James increased their price objective on shares of Maxar Technologies from $26.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, February 25th. JPMorgan Chase & Co. upgraded shares of Maxar Technologies from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $55.00 to $47.00 in a research note on Wednesday, March 31st. Finally, Royal Bank of Canada increased their price objective on shares of Maxar Technologies from $33.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, December 31st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $44.82.
In related news, CEO Daniel L. Jablonsky acquired 1,500 shares of the firm’s stock in a transaction dated Thursday, March 25th. The stock was acquired at an average cost of $35.72 per share, for a total transaction of $53,580.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.87% of the company’s stock.
About Maxar Technologies
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 Earth Intelligence and Space Infrastructure segments. The Earth Intelligence segment offers earth imagery products, including orthorectified imagery, imagery basemap, 3D and elevation, and information products; and SecureWatch, a subscription offering that provides online access to imagery and geospatial intelligence platform.
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