Everence Capital Management Inc. lowered its stake in SPX Technologies, Inc. (NYSE:SPXC – Free Report) by 18.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,040 shares of the company’s stock after selling 1,830 shares during the period. Everence Capital Management Inc.’s holdings in SPX Technologies were worth $1,282,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of SPXC. Conestoga Capital Advisors LLC purchased a new position in SPX Technologies during the 2nd quarter valued at about $51,070,000. Nordea Investment Management AB boosted its position in SPX Technologies by 160.6% during the 1st quarter. Nordea Investment Management AB now owns 382,490 shares of the company’s stock valued at $47,069,000 after acquiring an additional 235,720 shares in the last quarter. Principal Financial Group Inc. boosted its position in SPX Technologies by 86.8% during the 1st quarter. Principal Financial Group Inc. now owns 443,408 shares of the company’s stock valued at $54,597,000 after acquiring an additional 206,054 shares in the last quarter. Capital International Investors bought a new stake in SPX Technologies during the 1st quarter valued at approximately $21,819,000. Finally, Select Equity Group L.P. bought a new stake in SPX Technologies during the 2nd quarter valued at approximately $24,904,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.
SPX Technologies Stock Down 1.1 %
SPX Technologies stock traded down $1.85 during trading hours on Monday, hitting $162.12. 86,274 shares of the stock traded hands, compared to its average volume of 248,086. The company has a current ratio of 1.28, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The firm’s 50-day moving average price is $157.11 and its two-hundred day moving average price is $144.41. SPX Technologies, Inc. has a one year low of $77.90 and a one year high of $173.30. The company has a market cap of $7.49 billion, a PE ratio of 79.99, a PEG ratio of 1.70 and a beta of 1.21.
Analyst Upgrades and Downgrades
Separately, Oppenheimer cut SPX Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 18th.
Read Our Latest Analysis on SPX Technologies
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.
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