Amundi Boosts Position in SPX Technologies, Inc. (NYSE:SPXC)

Amundi grew its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 106.8% in the fourth 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 acquiring an additional 15,006 shares during the quarter. Amundi owned about 0.06% of SPX Technologies worth $4,160,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of SPX Technologies during the 4th quarter valued at about $32,337,000. Arizona State Retirement System lifted its position in SPX Technologies by 0.9% in the 4th quarter. Arizona State Retirement System now owns 13,436 shares of the company's stock worth $1,955,000 after buying an additional 123 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 worth $91,003,000 after buying an additional 1,956 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in SPX Technologies by 334.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 760 shares of the company's stock worth $109,000 after buying an additional 585 shares during the last quarter. Finally, Navellier & Associates Inc. lifted its position in SPX Technologies by 35.3% in the 4th quarter. Navellier & Associates Inc. now owns 14,740 shares of the company's stock worth $2,145,000 after buying an additional 3,847 shares during the last quarter. Institutional investors own 92.82% of the company's stock.

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SPX Technologies Trading Down 0.9 %

Shares of SPXC traded down $1.18 during mid-day trading on Tuesday, hitting $134.25. 13,229 shares of the company's stock traded hands, compared to its average volume of 253,413. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. SPX Technologies, Inc. has a 1 year low of $116.05 and a 1 year high of $183.83. The firm has a market capitalization of $6.23 billion, a P/E ratio of 36.06, a PEG ratio of 1.33 and a beta of 1.26. The business's 50-day moving average price is $144.80 and its 200-day moving average price is $153.95.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SPXC shares. Sidoti upgraded SPX Technologies from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 26th. UBS Group lowered their price objective on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Oppenheimer upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price objective for the company in a research report on Wednesday, February 26th. Finally, Wolfe Research started coverage on SPX Technologies in a research report on Monday, November 25th. They issued an "outperform" rating and a $199.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.