Envestnet Asset Management Inc. Acquires 3,996 Shares of Maxar Technologies Inc. (NYSE:MAXR)

Envestnet Asset Management Inc. increased its holdings in Maxar Technologies Inc. (NYSE:MAXR – Get Rating) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,406 shares of the company’s stock after acquiring an additional 3,996 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Maxar Technologies were worth $1,728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in MAXR. Raymond James & Associates raised its position in Maxar Technologies by 3.1% in the 1st quarter. Raymond James & Associates now owns 85,485 shares of the company’s stock worth $3,373,000 after buying an additional 2,536 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Maxar Technologies by 25.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 23,762 shares of the company’s stock worth $938,000 after purchasing an additional 4,756 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Maxar Technologies by 9.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,773 shares of the company’s stock valued at $504,000 after buying an additional 1,094 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Maxar Technologies during the 1st quarter valued at $1,408,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Maxar Technologies by 57.1% in the first quarter. MetLife Investment Management LLC now owns 39,905 shares of the company’s stock worth $1,575,000 after acquiring an additional 14,501 shares during the period. Institutional investors own 78.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $53.00 price target on shares of Maxar Technologies in a research note on Thursday, February 23rd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.50.

Maxar Technologies Stock Performance

MAXR opened at $52.99 on Monday. The firm has a market cap of $4.00 billion, a P/E ratio of -25.00, a PEG ratio of 1.51 and a beta of 0.86. Maxar Technologies Inc. has a 1-year low of $17.51 and a 1-year high of $52.99. The company has a 50 day simple moving average of $51.90 and a two-hundred day simple moving average of $45.70. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.83 and a quick ratio of 0.76.

Maxar Technologies (NYSE:MAXR – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The company reported ($1.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.68). The business had revenue of $326.00 million for the quarter, compared to the consensus estimate of $440.56 million. Maxar Technologies had a negative net margin of 9.35% and a negative return on equity of 4.45%. Equities analysts forecast that Maxar Technologies Inc. will post 0.91 earnings per share for the current fiscal year.

Maxar Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.08%. The ex-dividend date of this dividend was Tuesday, March 14th. Maxar Technologies’s payout ratio is currently -1.89%.

Insider Buying and Selling

In other Maxar Technologies news, Director Eric J. Zahler sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $50.95, for a total value of $254,750.00. Following the sale, the director now owns 31,238 shares in the company, valued at approximately $1,591,576.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Eric J. Zahler sold 5,000 shares of Maxar Technologies stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $50.95, for a total value of $254,750.00. Following the sale, the director now directly owns 31,238 shares of the company’s stock, valued at $1,591,576.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Biggs C. Porter sold 96,000 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $51.53, for a total value of $4,946,880.00. Following the transaction, the chief financial officer now directly owns 259,979 shares of the company’s stock, valued at $13,396,717.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,037 shares of company stock worth $6,695,135. 2.49% of the stock is owned by insiders.

Maxar Technologies Profile

(Get Rating)

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.