SPX Technologies, Inc. (NYSE:SPXC) Shares Acquired by Signaturefd LLC

Signaturefd LLC boosted its position in SPX Technologies, Inc. (NYSE:SPXC) by 15.9% in the 4th quarter, HoldingsChannel reports. The firm owned 628 shares of the company’s stock after purchasing an additional 86 shares during the period. Signaturefd LLC’s holdings in SPX Technologies were worth $91,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPXC. JPMorgan Chase & Co. raised its position in shares of SPX Technologies by 666.7% in the third quarter. JPMorgan Chase & Co. now owns 590,552 shares of the company’s stock valued at $94,169,000 after buying an additional 513,526 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPX Technologies during the 4th quarter worth $32,337,000. Janus Henderson Group PLC boosted its holdings in shares of SPX Technologies by 45.3% during the third quarter. Janus Henderson Group PLC now owns 696,713 shares of the company’s stock worth $111,100,000 after purchasing an additional 217,316 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in shares of 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 during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in SPX Technologies by 29.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 623,405 shares of the company’s stock valued at $99,408,000 after purchasing an additional 142,544 shares during the last quarter. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

SPX Technologies Stock Down 1.1 %

Shares of NYSE:SPXC opened at $134.10 on Monday. The stock has a 50-day simple moving average of $144.31 and a 200-day simple moving average of $153.38. The stock has a market capitalization of $6.22 billion, a P/E ratio of 36.05, a PEG ratio of 1.33 and a beta of 1.26. SPX Technologies, Inc. has a 1 year low of $116.05 and a 1 year high of $183.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wolfe Research began coverage on SPX Technologies in a research note on Monday, November 25th. They issued an “outperform” rating and a $199.00 price target on the stock. Sidoti raised shares of SPX Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 26th. UBS Group dropped their price target on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Oppenheimer raised shares of SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price target on the stock in a research note on Wednesday, February 26th. Two investment 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, the company has an average rating of “Moderate Buy” and a consensus price target of $174.75.

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.