Cerity Partners LLC Boosts Stake in SPX Technologies, Inc. (NYSE:SPXC)

Cerity Partners LLC boosted its position in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 1,820.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 65,939 shares of the company's stock after acquiring an additional 62,505 shares during the period. Cerity Partners LLC owned about 0.14% of SPX Technologies worth $9,615,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. FMR LLC grew its position in shares of SPX Technologies by 8.5% in the fourth quarter. FMR LLC now owns 718,298 shares of the company's stock valued at $104,527,000 after purchasing an additional 56,175 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in SPX Technologies in the 4th quarter valued at about $230,000. Wells Fargo & Company MN increased its stake in shares of SPX Technologies by 10.9% during the 4th quarter. Wells Fargo & Company MN now owns 72,655 shares of the company's stock valued at $10,573,000 after acquiring an additional 7,146 shares during the last quarter. Integrated Quantitative Investments LLC purchased a new position in shares of SPX Technologies during the 4th quarter worth about $1,371,000. Finally, Huntington National Bank boosted its position in shares of SPX Technologies by 17.6% in the fourth quarter. Huntington National Bank now owns 587 shares of the company's stock worth $85,000 after acquiring an additional 88 shares during the last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SPXC shares. Sidoti raised shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. UBS Group reduced their target price on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Finally, Oppenheimer raised SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price target for the company in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, SPX Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.75.

SPX Technologies Stock Down 1.8 %

NYSE SPXC traded down $2.34 during trading hours on Wednesday, hitting $128.62. The company had a trading volume of 42,642 shares, compared to its average volume of 324,594. 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 $115.00 and a fifty-two week high of $183.83. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 1.33 and a beta of 1.22. The firm's 50 day moving average is $137.51 and its 200 day moving average is $150.40.

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.