EFG Asset Management North America Corp. Purchases Shares of 8,546 SPX Technologies, Inc. (NYSE:SPXC)

EFG Asset Management North America Corp. bought a new position in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,546 shares of the company's stock, valued at approximately $1,245,000.

A number of other institutional investors have also recently bought and sold shares of SPXC. Allworth Financial LP grew its stake in shares of SPX Technologies by 123.3% in the fourth quarter. Allworth Financial LP now owns 163 shares of the company's stock valued at $25,000 after buying an additional 90 shares in the last quarter. Empowered Funds LLC acquired a new stake in SPX Technologies in the fourth quarter valued at approximately $27,000. Skandinaviska Enskilda Banken AB publ raised its stake in shares of SPX Technologies by 2,055.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock valued at $28,000 after purchasing an additional 185 shares during the period. Spire Wealth Management acquired a new position in shares of SPX Technologies during the fourth quarter worth $57,000. Finally, Hilltop National Bank boosted its stake in shares of SPX Technologies by 19.9% in the fourth quarter. Hilltop National Bank now owns 536 shares of the company's stock valued at $78,000 after purchasing an additional 89 shares during the period. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

SPX Technologies Stock Performance

Shares of SPXC traded down $4.18 during mid-day trading on Friday, reaching $129.49. 310,361 shares of the company's stock traded hands, compared to its average volume of 271,394. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. The business's 50-day moving average price is $143.26 and its 200-day moving average price is $153.06. The stock has a market capitalization of $6.01 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. SPX Technologies, Inc. has a 12 month low of $116.05 and a 12 month high of $183.83.

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Analyst Ratings Changes

A number of brokerages have commented on SPXC. UBS Group cut their price objective 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. Sidoti upgraded SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.