Natixis Advisors LLC Boosts Stake in SPX Technologies, Inc. (NYSE:SPXC)

Natixis Advisors LLC lifted its position in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,468 shares of the company's stock after purchasing an additional 2,276 shares during the period. Natixis Advisors LLC owned about 0.05% of SPX Technologies worth $3,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SPXC. Barclays PLC raised its position in shares of SPX Technologies by 299.0% during the third quarter. Barclays PLC now owns 84,567 shares of the company's stock valued at $13,485,000 after buying an additional 63,373 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 acquiring an additional 8,916 shares during the last quarter. Corsair Capital Management L.P. lifted its stake in SPX Technologies by 80,185.2% in the 3rd quarter. Corsair Capital Management L.P. now owns 114,005 shares of the company's stock worth $18,179,000 after purchasing an additional 113,863 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of SPX Technologies by 5.0% during the 4th quarter. Nordea Investment Management AB now owns 365,583 shares of the company's stock valued at $53,203,000 after purchasing an additional 17,324 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of SPX Technologies by 0.4% during the third quarter. M&T Bank Corp now owns 37,541 shares of the company's stock valued at $5,986,000 after purchasing an additional 160 shares in the last quarter. 92.82% of the stock is currently owned by institutional investors.

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SPX Technologies Trading Up 0.1 %

Shares of SPX Technologies stock traded up $0.10 on Tuesday, reaching $139.43. The company had a trading volume of 162,908 shares, compared to its average volume of 257,127. The firm's 50-day moving average price is $144.18 and its two-hundred day moving average price is $153.33. SPX Technologies, Inc. has a 1 year low of $116.05 and a 1 year high of $183.83. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 37.48, a P/E/G ratio of 1.33 and a beta of 1.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wolfe Research assumed coverage on SPX Technologies in a research report on Monday, November 25th. They issued an "outperform" rating and a $199.00 target price on the stock. UBS Group decreased their price objective on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Oppenheimer raised shares of SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 target price for the company in a report on Wednesday, February 26th. Finally, Sidoti raised shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, 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.