Amundi lifted its stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 106.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,051 shares of the company's stock after acquiring an additional 15,006 shares during the period. Amundi owned 0.06% of SPX Technologies worth $4,160,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in SPXC. State Street Corp grew its holdings 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 purchasing an additional 22,177 shares in the last quarter. Geode Capital Management LLC grew its holdings in SPX Technologies by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company's stock worth $164,888,000 after buying an additional 8,916 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in SPX Technologies by 25.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 787,795 shares of the company's stock worth $114,640,000 after purchasing an additional 160,535 shares during the period. Janus Henderson Group PLC boosted its holdings 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 acquiring an additional 217,316 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of SPX Technologies by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 625,361 shares of the company's stock valued at $91,003,000 after purchasing an additional 1,956 shares during the period. Institutional investors and hedge funds own 92.82% of the company's stock.
SPX Technologies Price Performance
Shares of NYSE:SPXC traded up $4.18 during trading on Wednesday, reaching $137.86. The stock had a trading volume of 167,402 shares, compared to its average volume of 306,403. The stock has a market capitalization of $6.39 billion, a PE ratio of 37.06, a P/E/G ratio of 1.33 and a beta of 1.26. SPX Technologies, Inc. has a 52 week low of $116.05 and a 52 week high of $183.83. The business's 50-day moving average price is $144.64 and its 200 day moving average price is $153.75. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on SPXC shares. Oppenheimer upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price objective on the stock in a report on Wednesday, February 26th. 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 research note on Tuesday, January 7th. Sidoti upgraded shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, Wolfe Research started coverage on SPX Technologies in a report on Monday, November 25th. They issued an "outperform" rating and a $199.00 target price for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $174.75.
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SPX Technologies Company Profile
(
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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