SPX Technologies, Inc. (NYSE:SPXC) Shares Purchased by Amundi

Amundi lifted its stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 106.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,051 shares of the company's stock after acquiring 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 filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its stake in SPX Technologies by 1.3% during the 3rd quarter. State Street Corp now owns 1,729,989 shares of the company's stock valued at $275,864,000 after acquiring an additional 22,177 shares in the last quarter. Geode Capital Management LLC raised its position in shares of SPX Technologies by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company's stock valued at $164,888,000 after purchasing an additional 8,916 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of SPX Technologies by 25.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 787,795 shares of the company's stock valued at $114,640,000 after purchasing an additional 160,535 shares during the period. Janus Henderson Group PLC raised its position in shares of SPX Technologies by 45.3% in the third quarter. Janus Henderson Group PLC now owns 696,713 shares of the company's stock valued at $111,100,000 after purchasing an additional 217,316 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in SPX Technologies by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 625,361 shares of the company's stock worth $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

NYSE:SPXC traded up $1.71 during midday trading on Monday, hitting $135.97. The company's stock had a trading volume of 69,308 shares, compared to its average volume of 253,804. SPX Technologies, Inc. has a fifty-two week low of $116.05 and a fifty-two week high of $183.83. The firm has a market cap of $6.31 billion, a P/E ratio of 36.55, a P/E/G ratio of 1.33 and a beta of 1.26. The firm's 50 day moving average is $145.06 and its 200-day moving average is $154.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19.

Analyst Upgrades and Downgrades

SPXC has been the topic of a number of research analyst reports. Wolfe Research began coverage on SPX Technologies in a research note on Monday, November 25th. They issued an "outperform" rating and a $199.00 target price on the stock. Oppenheimer raised shares of SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price objective for the company in a research note on Wednesday, February 26th. UBS Group cut their price target on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Finally, Sidoti upgraded shares of 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 assigned a buy rating to the company's stock. According to data from MarketBeat, SPX Technologies currently has an average rating of "Moderate Buy" and an average target price of $174.75.

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.