Lisanti Capital Growth LLC Has $5.82 Million Stock Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Lisanti Capital Growth LLC cut its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 20.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,520 shares of the company's stock after selling 9,515 shares during the quarter. SPX Technologies makes up approximately 1.5% of Lisanti Capital Growth LLC's holdings, making the stock its 15th largest holding. Lisanti Capital Growth LLC owned about 0.08% of SPX Technologies worth $5,823,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SPXC. V Square Quantitative Management LLC bought a new stake in SPX Technologies in the third quarter valued at $28,000. Crewe Advisors LLC acquired a new position in shares of SPX Technologies during the second quarter valued at $28,000. Canada Pension Plan Investment Board bought a new position in shares of SPX Technologies in the second quarter valued at approximately $28,000. UMB Bank n.a. raised its holdings in SPX Technologies by 965.0% during the second quarter. UMB Bank n.a. now owns 213 shares of the company's stock worth $30,000 after purchasing an additional 193 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of SPX Technologies during the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 92.82% of the company's stock.

SPX Technologies Stock Down 0.6 %

SPXC stock traded down $1.04 during midday trading on Monday, reaching $168.05. The company had a trading volume of 147,210 shares, compared to its average volume of 250,966. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $7.79 billion, a P/E ratio of 45.45, a PEG ratio of 1.69 and a beta of 1.22. SPX Technologies, Inc. has a 1 year low of $83.15 and a 1 year high of $173.30. The company has a 50 day moving average of $157.87 and a two-hundred day moving average of $148.37.

SPX Technologies (NYSE:SPXC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.01. The business had revenue of $483.70 million during the quarter, compared to analyst estimates of $501.02 million. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 earnings per share. On average, equities research analysts expect that SPX Technologies, Inc. will post 5.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer lowered shares of SPX Technologies from an "outperform" rating to a "market perform" rating in a research report on Thursday, July 18th.

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.