OMERS ADMINISTRATION Corp Invests $655,000 in SPX Technologies, Inc. (NYSE:SPXC)

OMERS ADMINISTRATION Corp purchased a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,500 shares of the company's stock, valued at approximately $655,000.

A number of other hedge funds have also modified their holdings of SPXC. Millennium Management LLC boosted its position in SPX Technologies by 960.3% in the fourth quarter. Millennium Management LLC now owns 26,486 shares of the company's stock valued at $3,854,000 after buying an additional 23,988 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in SPX Technologies by 5.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 339,617 shares of the company's stock valued at $49,421,000 after acquiring an additional 17,701 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of SPX Technologies by 3.9% in the 4th quarter. Janus Henderson Group PLC now owns 723,708 shares of the company's stock valued at $105,321,000 after acquiring an additional 26,995 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in shares of SPX Technologies by 9.9% in the 4th quarter. Gotham Asset Management LLC now owns 4,782 shares of the company's stock valued at $696,000 after acquiring an additional 432 shares during the last quarter. Finally, Graham Capital Management L.P. increased its stake in shares of SPX Technologies by 68.8% in the fourth quarter. Graham Capital Management L.P. now owns 2,436 shares of the company's stock worth $354,000 after acquiring an additional 993 shares during the period. 92.82% of the stock is owned by institutional investors and hedge funds.

SPX Technologies Price Performance

Shares of SPX Technologies stock traded down $3.37 during trading hours on Wednesday, reaching $152.44. The stock had a trading volume of 182,465 shares, compared to its average volume of 278,098. The stock's 50 day moving average is $136.83 and its 200 day moving average is $147.08. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. SPX Technologies, Inc. has a twelve month low of $115.00 and a twelve month high of $183.83. The firm has a market capitalization of $7.12 billion, a PE ratio of 40.98, a PEG ratio of 1.33 and a beta of 1.21.

SPX Technologies (NYSE:SPXC - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.22. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The business had revenue of $482.60 million for the quarter, compared to analyst estimates of $481.32 million. During the same quarter last year, the business earned $1.25 earnings per share. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts expect that SPX Technologies, Inc. will post 5.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SPXC. B. Riley began coverage on SPX Technologies in a research report on Thursday, May 15th. They set a "buy" rating and a $195.00 price target on the stock. Sidoti upgraded SPX Technologies from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 26th. 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 report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $178.80.

SPX Technologies Company 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.