Healthcare of Ontario Pension Plan Trust Fund Has $1.28 Million Position in SPX Technologies, Inc. (NYSE:SPXC)

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 50.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,000 shares of the company's stock after selling 9,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in SPX Technologies were worth $1,279,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SPXC. Evergreen Capital Management LLC boosted its stake in SPX Technologies by 4.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,538 shares of the company's stock valued at $503,000 after purchasing an additional 146 shares during the period. Fifth Third Bancorp grew its position in shares of SPX Technologies by 3.8% during the 2nd quarter. Fifth Third Bancorp now owns 4,698 shares of the company's stock worth $668,000 after purchasing an additional 174 shares in the last quarter. Xponance Inc. increased its holdings in shares of SPX Technologies by 7.1% during the second quarter. Xponance Inc. now owns 2,864 shares of the company's stock worth $407,000 after purchasing an additional 189 shares during the period. UMB Bank n.a. boosted its stake in shares of SPX Technologies by 965.0% in the second quarter. UMB Bank n.a. now owns 213 shares of the company's stock valued at $30,000 after buying an additional 193 shares during the period. Finally, Crewe Advisors LLC bought a new position in SPX Technologies during the 2nd quarter worth $28,000. 92.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

SPX Technologies Price Performance

Shares of SPX Technologies stock traded up $0.90 during midday trading on Tuesday, hitting $162.18. 127,816 shares of the company traded hands, compared to its average volume of 250,304. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 79.40, a PEG ratio of 1.60 and a beta of 1.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.28. The firm's fifty day moving average price is $153.09 and its 200-day moving average price is $141.46. SPX Technologies, Inc. has a 12 month low of $77.84 and a 12 month high of $165.13.

SPX Technologies (NYSE:SPXC - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.17. The business had revenue of $501.30 million for the quarter, compared to analyst estimates of $492.08 million. SPX Technologies had a return on equity of 19.20% and a net margin of 5.53%. SPX Technologies's quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS. As a group, sell-side analysts forecast that SPX Technologies, Inc. will post 5.54 earnings per share for the current year.

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.