Natixis Advisors LLC Grows Stock Position in SPX Technologies, Inc. (NYSE:SPXC)

Natixis Advisors LLC raised its stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,468 shares of the company's stock after acquiring an additional 2,276 shares during the quarter. Natixis Advisors LLC owned approximately 0.05% of SPX Technologies worth $3,561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its stake in shares of SPX Technologies by 1.3% during the 3rd quarter. State Street Corp now owns 1,729,989 shares of the company's stock worth $275,864,000 after purchasing an additional 22,177 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of SPX Technologies by 0.9% during the third 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 holdings in shares of 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 in the last quarter. Janus Henderson Group PLC grew its position 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 worth $111,100,000 after buying an additional 217,316 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of SPX Technologies by 0.3% during the 4th 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 in the last quarter. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

SPX Technologies Stock Performance

Shares of NYSE SPXC traded down $3.33 during mid-day trading on Wednesday, hitting $136.18. The stock had a trading volume of 143,632 shares, compared to its average volume of 308,762. The company has a 50 day moving average of $144.18 and a two-hundred day moving average of $153.33. SPX Technologies, Inc. has a twelve month low of $116.05 and a twelve month high of $183.83. 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 firm has a market cap of $6.32 billion, a PE ratio of 36.61, a PEG ratio of 1.33 and a beta of 1.26.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SPXC shares. Sidoti raised shares of SPX Technologies from a "neutral" rating to a "buy" rating in a report on Wednesday, February 26th. UBS Group dropped their target price on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, Oppenheimer upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price target for the company in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, SPX Technologies currently has an average rating of "Moderate Buy" and an average target price of $174.75.

About SPX Technologies

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.