2 weeks Ago By ABMN Staff
Barclays PLC grew its stake in SPX Technologies, Inc. ( NYSE:SPXC – Free Report ) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 86,378 shares of the company’s stock after purchasing an additional 1,811 shares during the period. Barclays PLC owned approximately 0.19% of SPX Technologies worth $12,569,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. M&T Bank Corp boosted its holdings in SPX Technologies by 0.4% in the 3rd quarter.
M&T Bank Corp now owns 37,541 shares of the company’s stock valued at $5,986,000 after purchasing an additional 160 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of SPX Technologies in the third quarter valued at approximately $194,000. Tidal Investments LLC boosted its stake in shares of SPX Technologies by 6.
6% in the third quarter. Tidal Investments LLC now owns 3,026 shares of the company’s stock valued at $483,000 after buying an additional 188 shares in the last quarter. Synovus Financial Corp grew its holdings in SPX Technologies by 2.
1% during the third quarter. Synovus Financial Corp now owns 9,489 shares of the company’s stock worth $1,513,000 after acquiring an additional 199 shares during the period. Finally, Franklin Resources Inc.
raised its position in SPX Technologies by 188.4% in the third quarter. Franklin Resources Inc.
now owns 12,531 shares of the company’s stock worth $2,127,000 after acquiring an additional 8,186 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.
Wall Street Analyst Weigh In A number of research firms have recently weighed in on SPXC. Sidoti raised shares of SPX Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. Oppenheimer upgraded shares of SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.
00 target price on the stock in a research report on Wednesday, February 26th. Finally, UBS Group reduced 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.
com, the company has an average rating of “Moderate Buy” and an average price target of $174.75. SPX Technologies Stock Down 3.
3 % SPXC stock opened at $124.14 on Tuesday. 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 12 month low of $115.00 and a 12 month high of $183.
83. The firm has a market capitalization of $5.81 billion, a PE ratio of 33.
37, a P/E/G ratio of 1.33 and a beta of 1.22.
The company’s 50 day simple moving average is $135.50 and its 200-day simple moving average is $149.42.
SPX Technologies Company Profile ( Free Report ) 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.
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