Amundi Buys 15,006 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Amundi increased its stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 106.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,051 shares of the company's stock after buying an additional 15,006 shares during the quarter. Amundi owned approximately 0.06% of SPX Technologies worth $4,160,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of SPX Technologies by 1.3% in the 3rd quarter. State Street Corp now owns 1,729,989 shares of the company's stock valued at $275,864,000 after buying an additional 22,177 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of SPX Technologies by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company's stock valued at $164,888,000 after buying an additional 8,916 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of SPX Technologies by 25.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 787,795 shares of the company's stock valued at $114,640,000 after buying an additional 160,535 shares during the last quarter. Janus Henderson Group PLC raised its stake in SPX Technologies by 45.3% in the 3rd quarter. Janus Henderson Group PLC now owns 696,713 shares of the company's stock valued at $111,100,000 after acquiring an additional 217,316 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in SPX Technologies by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 625,361 shares of the company's stock valued at $91,003,000 after acquiring an additional 1,956 shares during the period. Institutional investors and hedge funds own 92.82% of the company's stock.

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SPX Technologies Stock Performance

SPXC stock traded down $1.48 during trading hours on Tuesday, hitting $133.94. 344,010 shares of the stock were exchanged, compared to its average volume of 255,033. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $6.21 billion, a P/E ratio of 36.01, a P/E/G ratio of 1.33 and a beta of 1.26. The company has a 50-day simple moving average of $144.64 and a two-hundred day simple moving average of $153.75. SPX Technologies, Inc. has a 12 month low of $116.05 and a 12 month high of $183.83.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SPXC. UBS Group dropped their price target on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Oppenheimer upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price target on the stock in a research note on Wednesday, February 26th. Wolfe Research began coverage on SPX Technologies in a research note on Monday, November 25th. They issued an "outperform" rating and a $199.00 price target on the stock. Finally, Sidoti upgraded SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, SPX Technologies has a consensus rating of "Moderate Buy" and an average target price of $174.75.

SPX Technologies 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.