New Age Alpha Advisors LLC Takes $382,000 Position in SPX Technologies, Inc. (NYSE:SPXC)

New Age Alpha Advisors LLC acquired a new position in shares of SPX Technologies, Inc. (NYSE:SPXC) during the fourth quarter, HoldingsChannel reports. The fund acquired 2,624 shares of the company’s stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cerity Partners LLC grew its stake in shares of SPX Technologies by 43.5% during the third quarter. Cerity Partners LLC now owns 3,434 shares of the company’s stock valued at $548,000 after purchasing an additional 1,041 shares during the last quarter. Glenmede Trust Co. NA boosted its position in SPX Technologies by 35.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,630 shares of the company’s stock valued at $738,000 after buying an additional 1,200 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of SPX Technologies by 3.8% in the 3rd quarter. Captrust Financial Advisors now owns 8,030 shares of the company’s stock valued at $1,280,000 after buying an additional 292 shares during the period. Verition Fund Management LLC bought a new stake in shares of SPX Technologies during the third quarter worth $481,000. Finally, Centiva Capital LP acquired a new position in shares of SPX Technologies during the third quarter valued at $361,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SPXC. Sidoti raised SPX Technologies from a “neutral” rating to a “buy” rating in a 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 note on Tuesday, January 7th. Finally, Oppenheimer upgraded shares of SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price objective on the stock in a report on Wednesday, February 26th. Two 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, SPX Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.75.

SPX Technologies Stock Performance

Shares of NYSE:SPXC opened at $132.30 on Wednesday. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 35.56, a P/E/G ratio of 1.33 and a beta of 1.26. The firm’s 50 day simple moving average is $142.44 and its 200 day simple moving average is $152.85. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. SPX Technologies, Inc. has a fifty-two week low of $116.05 and a fifty-two week high of $183.83.

About SPX Technologies

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.