PFG Advisors purchased a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,924 shares of the company's stock, valued at approximately $280,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp grew its holdings in shares of SPX Technologies by 1.3% during the third quarter. State Street Corp now owns 1,729,989 shares of the company's stock valued at $275,864,000 after buying an additional 22,177 shares in the last quarter. Geode Capital Management LLC grew its stake in SPX Technologies by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company's stock valued at $164,888,000 after purchasing an additional 8,916 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in SPX Technologies by 25.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 787,795 shares of the company's stock valued at $114,640,000 after purchasing an additional 160,535 shares in the last quarter. Janus Henderson Group PLC grew its stake in SPX Technologies by 45.3% in the third quarter. Janus Henderson Group PLC now owns 696,713 shares of the company's stock valued at $111,100,000 after purchasing an additional 217,316 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in SPX Technologies by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,361 shares of the company's stock valued at $91,003,000 after purchasing an additional 1,956 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company's stock.
Analyst Ratings Changes
A number of research analysts have commented on SPXC shares. Sidoti upgraded SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. UBS Group lowered 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. Wolfe Research started coverage on SPX Technologies in a research note on Monday, November 25th. They issued an "outperform" rating and a $199.00 target price on the stock. Finally, Oppenheimer upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 target price on the stock in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, SPX Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.75.
Read Our Latest Report on SPXC
SPX Technologies Stock Down 1.1 %
Shares of NYSE:SPXC traded down $1.48 on Tuesday, reaching $133.94. The company had a trading volume of 344,010 shares, compared to its average volume of 255,033. SPX Technologies, Inc. has a twelve month low of $116.05 and a twelve month high of $183.83. The stock has a 50-day moving average price of $144.64 and a 200 day moving average price of $153.75. The stock has a market capitalization of $6.21 billion, a P/E ratio of 36.01, a P/E/G ratio of 1.33 and a beta of 1.26. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49.
SPX Technologies Profile
(
Free Report)
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.
See Also
Before you consider SPX Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SPX Technologies wasn't on the list.
While SPX Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
