American Century Companies Inc. Trims Stake in SPX Technologies, Inc. (NYSE:SPXC)

American Century Companies Inc. trimmed its stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 48.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,186 shares of the company's stock after selling 16,479 shares during the period. American Century Companies Inc.'s holdings in SPX Technologies were worth $2,501,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Allworth Financial LP grew its stake in SPX Technologies by 123.3% in the fourth quarter. Allworth Financial LP now owns 163 shares of the company's stock worth $25,000 after purchasing an additional 90 shares during the period. Empowered Funds LLC purchased a new stake in shares of SPX Technologies in the 4th quarter worth about $27,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of SPX Technologies by 2,055.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock worth $28,000 after acquiring an additional 185 shares in the last quarter. Spire Wealth Management bought a new stake in SPX Technologies during the fourth quarter worth about $57,000. Finally, Hilltop National Bank grew its holdings in SPX Technologies by 19.9% in the fourth quarter. Hilltop National Bank now owns 536 shares of the company's stock worth $78,000 after purchasing an additional 89 shares during the period. Institutional investors own 92.82% of the company's stock.

Analyst Ratings Changes

SPXC has been the topic of a number of analyst reports. Oppenheimer raised SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price target on the stock in a research report on Wednesday, February 26th. Sidoti raised SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, UBS Group reduced their price objective on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $174.75.

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SPX Technologies Stock Performance

Shares of NYSE SPXC traded up $2.48 during trading on Friday, reaching $132.10. 223,279 shares of the company traded hands, compared to its average volume of 278,516. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. The firm has a 50 day simple moving average of $138.37 and a 200-day simple moving average of $150.78. SPX Technologies, Inc. has a 52-week low of $115.00 and a 52-week high of $183.83. The stock has a market capitalization of $6.18 billion, a PE ratio of 35.51, a P/E/G ratio of 1.33 and a beta of 1.22.

SPX Technologies Company Profile

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.