Integrated Quantitative Investments LLC Invests $1.37 Million in SPX Technologies, Inc. (NYSE:SPXC)

Integrated Quantitative Investments LLC purchased a new stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,418 shares of the company's stock, valued at approximately $1,371,000. SPX Technologies accounts for 0.7% of Integrated Quantitative Investments LLC's holdings, making the stock its 23rd largest position.

A number of other large investors have also made changes to their positions in the company. Allworth Financial LP raised its holdings in SPX Technologies by 123.3% during the 4th quarter. Allworth Financial LP now owns 163 shares of the company's stock worth $25,000 after buying an additional 90 shares during the period. Empowered Funds LLC acquired a new stake in shares of SPX Technologies during the fourth quarter worth $27,000. Skandinaviska Enskilda Banken AB publ lifted its position in SPX Technologies by 2,055.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock valued at $28,000 after acquiring an additional 185 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in SPX Technologies by 377.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company's stock worth $29,000 after purchasing an additional 151 shares during the period. Finally, Spire Wealth Management bought a new position in SPX Technologies during the 4th quarter worth about $57,000. Institutional investors own 92.82% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SPXC shares. Oppenheimer raised 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. UBS Group lowered 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. Finally, Sidoti raised shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $174.75.

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SPX Technologies Stock Down 0.7 %

Shares of NYSE:SPXC traded down $0.82 during midday trading on Monday, hitting $121.52. The stock had a trading volume of 557,131 shares, compared to its average volume of 275,366. The company has a market cap of $5.64 billion, a P/E ratio of 32.67, a PEG ratio of 1.33 and a beta of 1.22. SPX Technologies, Inc. has a 12 month low of $115.33 and a 12 month high of $183.83. The business's 50-day simple moving average is $140.96 and its 200-day simple moving average is $152.30. 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 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.