Janus Henderson Group PLC Has $105.32 Million Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Janus Henderson Group PLC lifted its position in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 723,708 shares of the company's stock after acquiring an additional 26,995 shares during the quarter. Janus Henderson Group PLC owned 1.56% of SPX Technologies worth $105,321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Private Advisor Group LLC raised its stake in SPX Technologies by 1.0% during the fourth quarter. Private Advisor Group LLC now owns 6,921 shares of the company's stock worth $1,007,000 after acquiring an additional 68 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in SPX Technologies by 1.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,342 shares of the company's stock valued at $632,000 after purchasing an additional 68 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in SPX Technologies by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,383 shares of the company's stock valued at $201,000 after acquiring an additional 73 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of SPX Technologies by 1.3% in the fourth quarter. Bank of Montreal Can now owns 6,316 shares of the company's stock valued at $919,000 after buying an additional 78 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in SPX Technologies by 2.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,386 shares of the company's stock worth $493,000 after buying an additional 85 shares during the period. Hedge funds and other institutional investors own 92.82% of the company's stock.

SPX Technologies Stock Performance

Shares of SPX Technologies stock traded up $1.82 during trading on Friday, reaching $156.24. The company's stock had a trading volume of 193,686 shares, compared to its average volume of 278,023. The business's 50-day moving average price is $135.45 and its 200-day moving average price is $147.02. SPX Technologies, Inc. has a 52 week low of $115.00 and a 52 week high of $183.83. The firm has a market cap of $7.30 billion, a PE ratio of 42.00, a P/E/G ratio of 1.33 and a beta of 1.21. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on SPXC. B. Riley started coverage on shares of SPX Technologies in a research report on Thursday. They set a "buy" rating and a $195.00 price objective on the stock. Sidoti upgraded SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, Oppenheimer raised shares of 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. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, SPX Technologies has an average rating of "Buy" and an average target price 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.