Sandhill Capital Partners LLC trimmed its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 286,000 shares of the company's stock after selling 20,065 shares during the period. SPX Technologies comprises 3.3% of Sandhill Capital Partners LLC's investment portfolio, making the stock its 12th biggest holding. Sandhill Capital Partners LLC owned approximately 0.62% of SPX Technologies worth $41,619,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC raised its position in SPX Technologies by 1.0% in the fourth quarter. Private Advisor Group LLC now owns 6,921 shares of the company's stock worth $1,007,000 after acquiring an additional 68 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of SPX Technologies by 1.6% during 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 increased its holdings in shares of SPX Technologies by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,383 shares of the company's stock valued at $201,000 after purchasing an additional 73 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of SPX Technologies by 1.3% in the fourth quarter. Bank of Montreal Can now owns 6,316 shares of the company's stock valued at $919,000 after purchasing an additional 78 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in SPX Technologies by 2.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,386 shares of the company's stock worth $493,000 after buying an additional 85 shares in the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.
SPX Technologies Price Performance
Shares of SPXC stock traded up $2.48 during trading hours on Friday, hitting $132.10. The company's stock had a trading volume of 223,279 shares, compared to its average volume of 278,373. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. SPX Technologies, Inc. has a twelve month low of $115.00 and a twelve month high of $183.83. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 1.33 and a beta of 1.22. The business has a fifty day moving average of $138.37 and a 200-day moving average of $150.73.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on SPXC. UBS Group dropped their target price on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Sidoti raised SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. 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 report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, SPX Technologies has an average rating of "Moderate Buy" and a consensus price target of $174.75.
Read Our Latest Analysis on SPXC
SPX Technologies Company 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.
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