Fox Run Management L.L.C. Acquires New Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Fox Run Management L.L.C. purchased a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,803 shares of the company's stock, valued at approximately $990,000.

Several other institutional investors have also recently bought and sold shares of SPXC. State Street Corp grew its stake in shares of SPX Technologies by 1.3% during the third 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 during the last quarter. Geode Capital Management LLC boosted its position 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 valued at $164,888,000 after buying an additional 8,916 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position in 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 increased its stake in shares of 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 buying an additional 217,316 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of SPX Technologies by 0.3% during the fourth 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 last quarter. Institutional investors own 92.82% of the company's stock.

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SPX Technologies Trading Down 1.5 %

Shares of SPXC stock traded down $2.04 on Thursday, reaching $134.05. The company had a trading volume of 178,758 shares, compared to its average volume of 255,888. The stock has a market cap of $6.22 billion, a PE ratio of 36.03, a PEG ratio of 1.33 and a beta of 1.26. The company has a 50-day moving average of $143.93 and a 200-day moving average of $153.21. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. SPX Technologies, Inc. has a 12 month low of $116.05 and a 12 month high of $183.83.

Analysts Set New Price Targets

A number of analysts recently commented on the company. 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 shares of SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price target for the company in a research report on Wednesday, February 26th. Finally, Sidoti upgraded shares of SPX Technologies from a "neutral" rating to a "buy" rating in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently 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.