Segall Bryant & Hamill LLC Sells 190,962 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Segall Bryant & Hamill LLC cut its stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 39.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 289,482 shares of the company's stock after selling 190,962 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.62% of SPX Technologies worth $46,161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in SPX Technologies during the third quarter worth about $28,000. Crewe Advisors LLC bought a new stake in shares of SPX Technologies in the 2nd quarter worth about $28,000. Canada Pension Plan Investment Board bought a new stake in shares of SPX Technologies during the 2nd quarter valued at about $28,000. UMB Bank n.a. boosted its stake in SPX Technologies by 965.0% during the 2nd quarter. UMB Bank n.a. now owns 213 shares of the company's stock valued at $30,000 after purchasing an additional 193 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of SPX Technologies in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 92.82% of the company's stock.

SPX Technologies Trading Down 1.5 %

Shares of SPXC stock traded down $2.52 during trading hours on Wednesday, reaching $165.54. 41,677 shares of the stock traded hands, compared to its average volume of 248,982. The firm has a market capitalization of $7.67 billion, a PE ratio of 45.18, a PEG ratio of 1.63 and a beta of 1.22. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average price of $160.42 and a 200 day moving average price of $150.47. SPX Technologies, Inc. has a 1-year low of $83.98 and a 1-year high of $173.30.

SPX Technologies (NYSE:SPXC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.01. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The company had revenue of $483.70 million during the quarter, compared to analysts' expectations of $501.02 million. During the same quarter in the prior year, the company posted $1.06 EPS. The business's revenue was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that SPX Technologies, Inc. will post 5.56 EPS 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.