Jane Street Group LLC Sells 7,892 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Jane Street Group LLC lowered its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 16.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 41,531 shares of the company's stock after selling 7,892 shares during the period. Jane Street Group LLC owned 0.09% of SPX Technologies worth $6,044,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of SPX Technologies by 123.3% during the 4th quarter. Allworth Financial LP now owns 163 shares of the company's stock valued at $25,000 after acquiring an additional 90 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of SPX Technologies during the fourth quarter worth about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of SPX Technologies by 377.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company's stock valued at $29,000 after buying an additional 151 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in SPX Technologies by 2,055.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock worth $28,000 after acquiring an additional 185 shares during the last quarter. Finally, Covestor Ltd increased its position in SPX Technologies by 313.8% in the 4th quarter. Covestor Ltd now owns 389 shares of the company's stock valued at $57,000 after acquiring an additional 295 shares during the period. 92.82% of the stock is owned by institutional investors and hedge funds.

SPX Technologies Stock Up 1.8%

Shares of NYSE SPXC traded up $2.71 during midday trading on Tuesday, hitting $156.94. 229,969 shares of the stock traded hands, compared to its average volume of 277,898. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. The business has a 50 day moving average price of $134.30 and a two-hundred day moving average price of $146.94. SPX Technologies, Inc. has a one year low of $115.00 and a one year high of $183.83. The company has a market cap of $7.33 billion, a PE ratio of 42.19, a P/E/G ratio of 1.33 and a beta of 1.21.

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

Analyst Ratings Changes

Several research analysts recently issued reports on SPXC shares. Sidoti raised SPX Technologies from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 26th. Oppenheimer upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 target price on the stock in a report on Wednesday, February 26th.

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.