SPX Technologies, Inc. (NYSE:SPXC) Shares Bought by Yarbrough Capital LLC

Yarbrough Capital LLC raised its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 43.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,072 shares of the company's stock after purchasing an additional 2,135 shares during the quarter. Yarbrough Capital LLC's holdings in SPX Technologies were worth $1,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in SPX Technologies during the third quarter worth $28,000. Canada Pension Plan Investment Board bought a new stake in shares of SPX Technologies during the second quarter worth $28,000. ST Germain D J Co. Inc. purchased a new stake in shares of SPX Technologies during the third quarter valued at $44,000. Farther Finance Advisors LLC grew its holdings in shares of SPX Technologies by 247.9% in the third quarter. Farther Finance Advisors LLC now owns 501 shares of the company's stock worth $80,000 after purchasing an additional 357 shares during the last quarter. Finally, Hilltop National Bank lifted its holdings in SPX Technologies by 19.9% during the 4th quarter. Hilltop National Bank now owns 536 shares of the company's stock valued at $78,000 after buying an additional 89 shares in the last quarter. 92.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on SPXC shares. UBS Group dropped their target price on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Sidoti downgraded SPX Technologies from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $187.00 to $175.00 in a report on Friday, December 6th. Finally, Wolfe Research initiated coverage on SPX Technologies in a report on Monday, November 25th. They issued an "outperform" rating and a $199.00 price objective for the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $168.50.

SPX Technologies Stock Down 0.3 %

Shares of SPXC traded down $0.46 during midday trading on Friday, hitting $148.22. 111,873 shares of the company's stock traded hands, compared to its average volume of 300,990. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 39.80, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30. SPX Technologies, Inc. has a 1 year low of $98.16 and a 1 year high of $183.83. The firm's fifty day moving average is $158.02 and its 200-day moving average is $155.23.

SPX Technologies (NYSE:SPXC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The firm had revenue of $483.70 million for the quarter, compared to the consensus estimate of $501.02 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that SPX Technologies, Inc. will post 5.57 earnings per share for the current year.

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.