AGF Management Ltd. boosted its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,192 shares of the company's stock after buying an additional 8,273 shares during the period. AGF Management Ltd. owned approximately 0.17% of SPX Technologies worth $11,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in SPXC. Farther Finance Advisors LLC boosted its position in SPX Technologies by 247.9% during the third quarter. Farther Finance Advisors LLC now owns 501 shares of the company's stock worth $80,000 after purchasing an additional 357 shares in the last quarter. Assetmark Inc. raised its holdings in shares of SPX Technologies by 4.7% during the third quarter. Assetmark Inc. now owns 1,745 shares of the company's stock valued at $278,000 after acquiring an additional 78 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of SPX Technologies by 13.6% in the third quarter. Crossmark Global Holdings Inc. now owns 3,655 shares of the company's stock valued at $583,000 after purchasing an additional 438 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of SPX Technologies by 196.9% in the third quarter. Victory Capital Management Inc. now owns 218,993 shares of the company's stock valued at $34,921,000 after purchasing an additional 145,225 shares during the last quarter. Finally, Cable Hill Partners LLC acquired a new stake in shares of SPX Technologies in the third quarter valued at approximately $227,000. 92.82% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently commented on SPXC. UBS Group cut their price target on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Sidoti upgraded SPX Technologies from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 26th. Oppenheimer upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price target for the company in a research report on Wednesday, February 26th. Finally, Wolfe Research assumed coverage on SPX Technologies in a research report on Monday, November 25th. They set an "outperform" rating and a $199.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $174.75.
Read Our Latest Stock Report on SPX Technologies
SPX Technologies Stock Up 0.8 %
Shares of NYSE SPXC opened at $133.77 on Wednesday. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 35.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. The business has a 50-day moving average of $145.90 and a two-hundred day moving average of $154.65. SPX Technologies, Inc. has a 1 year low of $113.18 and a 1 year high of $183.83.
About SPX Technologies
(
Free Report)
SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.
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