SPX Technologies, Inc. (NYSE:SPXC) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 29.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,455 shares of the company's stock after selling 21,934 shares during the period. Sei Investments Co. owned about 0.11% of SPX Technologies worth $7,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SPXC. Allworth Financial LP grew its position in shares of SPX Technologies by 123.3% during the 4th quarter. Allworth Financial LP now owns 163 shares of the company's stock worth $25,000 after buying an additional 90 shares in the last quarter. Empowered Funds LLC purchased a new position in SPX Technologies during the 4th quarter valued at about $27,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of SPX Technologies by 2,055.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock valued at $28,000 after purchasing an additional 185 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of SPX Technologies in the 4th quarter worth approximately $57,000. Finally, Hilltop National Bank lifted its position in shares of SPX Technologies by 19.9% in the 4th quarter. Hilltop National Bank now owns 536 shares of the company's stock worth $78,000 after purchasing an additional 89 shares during the period. 92.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SPXC has been the subject of a number of recent research reports. Oppenheimer raised shares of SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price objective for the company in a research note on Wednesday, February 26th. UBS Group decreased their price objective on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Finally, Sidoti raised SPX Technologies from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $174.75.

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SPX Technologies Stock Up 2.6 %

NYSE:SPXC traded up $3.49 during mid-day trading on Wednesday, hitting $135.99. 342,649 shares of the company's stock traded hands, compared to its average volume of 272,118. The company has a fifty day moving average of $142.44 and a 200 day moving average of $152.85. 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, Inc. has a twelve month low of $116.05 and a twelve month high of $183.83. The company has a market capitalization of $6.31 billion, a P/E ratio of 36.56, a P/E/G ratio of 1.33 and a beta of 1.26.

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.