NEOS Investment Management LLC Increases Holdings in SPX Technologies, Inc. (NYSE:SPXC)

NEOS Investment Management LLC raised its stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 22.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,768 shares of the company's stock after acquiring an additional 7,592 shares during the period. NEOS Investment Management LLC owned about 0.09% of SPX Technologies worth $5,933,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SPXC. Private Advisor Group LLC grew its position in shares of SPX Technologies by 1.0% during the 4th quarter. Private Advisor Group LLC now owns 6,921 shares of the company's stock valued at $1,007,000 after acquiring an additional 68 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in SPX Technologies by 1.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,342 shares of the company's stock worth $632,000 after purchasing an additional 68 shares during the period. CIBC Asset Management Inc lifted its stake in SPX Technologies by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,383 shares of the company's stock worth $201,000 after purchasing an additional 73 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in SPX Technologies by 2.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,386 shares of the company's stock valued at $493,000 after buying an additional 85 shares during the period. Finally, Signaturefd LLC grew its position in SPX Technologies by 15.9% during the fourth quarter. Signaturefd LLC now owns 628 shares of the company's stock worth $91,000 after buying an additional 86 shares in the last quarter. 92.82% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of equities analysts have commented on SPXC shares. Sidoti raised shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Oppenheimer upgraded 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, UBS Group dropped their price target on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, SPX Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $174.75.

SPX Technologies Trading Up 1.7 %

SPXC stock traded up $2.20 on Tuesday, reaching $130.98. The company's stock had a trading volume of 37,049 shares, compared to its average volume of 270,686. The firm has a market cap of $6.08 billion, a PE ratio of 35.05, a PEG ratio of 1.33 and a beta of 1.26. The business has a fifty day simple moving average of $142.86 and a two-hundred day simple moving average of $152.98. SPX Technologies, Inc. has a 12-month low of $116.05 and a 12-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.

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.