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Cubist Systematic Strategies LLC Takes $9.04 Million Position in SPX Technologies, Inc. $SPXC

Written by MarketBeat
September 4, 2025
SPX Technologies logo with Business Services background

Key Points

  • Cubist Systematic Strategies LLC acquired a new stake in SPX Technologies, purchasing 70,192 shares valued at approximately $9.04 million, representing 0.15% of the company as of their latest SEC filing.
  • SPX Technologies reported strong quarterly earnings with $1.65 EPS, exceeding estimates, and noted a revenue increase of 10.2% compared to the same quarter last year.
  • Analysts have issued optimistic ratings for SPX Technologies, with a consensus rating of "Buy" and a target price nearing $195.20, reflecting confidence in the company's future performance.
  • MarketBeat previews the top five stocks to own by October 1st.

Cubist Systematic Strategies LLC acquired a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 70,192 shares of the company's stock, valued at approximately $9,039,000. Cubist Systematic Strategies LLC owned 0.15% of SPX Technologies as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SPXC. NBC Securities Inc. bought a new stake in shares of SPX Technologies in the first quarter worth $27,000. Eastern Bank bought a new stake in shares of SPX Technologies in the first quarter worth $38,000. SVB Wealth LLC bought a new stake in shares of SPX Technologies in the first quarter worth $39,000. Quarry LP bought a new stake in shares of SPX Technologies in the first quarter worth $57,000. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of SPX Technologies by 211.3% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 604 shares of the company's stock worth $78,000 after buying an additional 410 shares during the last quarter. Hedge funds and other institutional investors own 92.82% of the company's stock.

SPX Technologies Stock Performance

Shares of SPXC opened at $187.26 on Tuesday. SPX Technologies, Inc. has a 1 year low of $115.00 and a 1 year high of $209.38. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 42.08, a price-to-earnings-growth ratio of 1.59 and a beta of 1.32. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.28 and a current ratio of 1.97. The firm has a fifty day moving average of $182.03 and a 200-day moving average of $156.25.

SPX Technologies (NYSE:SPXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.20. The company had revenue of $552.40 million during the quarter, compared to the consensus estimate of $546.03 million. SPX Technologies had a net margin of 10.27% and a return on equity of 19.59%. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. SPX Technologies has set its FY 2025 guidance at 6.350-6.650 EPS. As a group, equities analysts anticipate that SPX Technologies, Inc. will post 5.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SPXC shares. B. Riley assumed coverage on shares of SPX Technologies in a research note on Thursday, May 15th. They issued a "buy" rating and a $195.00 price target for the company. Oppenheimer boosted their target price on shares of SPX Technologies from $170.00 to $197.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Wall Street Zen upgraded shares of SPX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, UBS Group boosted their target price on shares of SPX Technologies from $182.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $195.20.

Check Out Our Latest Research Report on SPXC

SPX Technologies 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.

Featured Articles

Institutional Ownership by Quarter for SPX Technologies (NYSE:SPXC)

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