Toronto Dominion Bank increased its position in Maxar Technologies Inc. (NYSE:MAXR) by 3.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,372 shares of the company’s stock after buying an additional 972 shares during the period. Toronto Dominion Bank’s holdings in Maxar Technologies were worth $1,255,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Captrust Financial Advisors raised its position in shares of Maxar Technologies by 862.2% in the first quarter. Captrust Financial Advisors now owns 866 shares of the company’s stock valued at $33,000 after buying an additional 776 shares during the last quarter. John W. Brooker & Co. CPAs acquired a new position in Maxar Technologies during the second quarter worth approximately $40,000. US Bancorp DE increased its position in Maxar Technologies by 76.4% during the first quarter. US Bancorp DE now owns 1,799 shares of the company’s stock worth $68,000 after purchasing an additional 779 shares during the last quarter. The PNC Financial Services Group Inc. acquired a new position in Maxar Technologies during the first quarter worth approximately $146,000. Finally, Centaurus Financial Inc. increased its position in Maxar Technologies by 72.7% during the second quarter. Centaurus Financial Inc. now owns 4,816 shares of the company’s stock worth $192,000 after purchasing an additional 2,027 shares during the last quarter.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Maxar Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, August 10th. The Goldman Sachs Group started coverage on shares of Maxar Technologies in a research note on Wednesday, June 16th. They set a “buy” rating and a $52.00 price objective for the company. Barclays started coverage on shares of Maxar Technologies in a research note on Monday, August 30th. They set an “equal weight” rating and a $35.00 price objective for the company. Canaccord Genuity downgraded shares of Maxar Technologies to a “hold” rating and set a $40.00 price objective for the company. in a research note on Friday, August 13th. Finally, Robert W. Baird started coverage on shares of Maxar Technologies in a research note on Wednesday, July 14th. They set a “neutral” rating and a $39.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Maxar Technologies presently has a consensus rating of “Hold” and an average target price of $44.00.
MAXR opened at $29.55 on Thursday. The stock has a market capitalization of $2.14 billion, a PE ratio of -2,955.00 and a beta of 1.34. The firm’s fifty day moving average price is $31.58 and its 200 day moving average price is $34.89. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.79. Maxar Technologies Inc. has a 12-month low of $21.05 and a 12-month high of $58.75.
Maxar Technologies (NYSE:MAXR) last posted its quarterly earnings results on Wednesday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.44. The firm had revenue of $473.00 million for the quarter, compared to analysts’ expectations of $443.95 million. Maxar Technologies had a net margin of 0.34% and a negative return on equity of 8.21%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.94 earnings per share. On average, equities research analysts forecast that Maxar Technologies Inc. will post -0.14 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $0.04 annualized dividend and a yield of 0.14%. Maxar Technologies’s dividend payout ratio is presently -2.07%.
Maxar Technologies 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 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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