Marshall Wace LLP Acquires Shares of 2,482 SPX Technologies, Inc. (NYSE:SPXC)

Marshall Wace LLP acquired a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,482 shares of the company's stock, valued at approximately $361,000.

Several other large investors have also recently made changes to their positions in the company. Allworth Financial LP lifted 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 purchasing an additional 90 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of SPX Technologies during the 4th quarter worth $27,000. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of 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 buying an additional 185 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 acquiring an additional 151 shares in the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of SPX Technologies during the 4th quarter worth about $57,000. 92.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

SPXC has been the topic of several research reports. Sidoti raised SPX Technologies from a "neutral" rating to a "buy" rating in a report on Wednesday, February 26th. 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 note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $174.75.

SPX Technologies Stock Down 0.8 %

Shares of SPXC traded down $1.22 on Thursday, hitting $149.31. The company's stock had a trading volume of 257,592 shares, compared to its average volume of 277,968. The firm's fifty day moving average price is $133.60 and its 200-day moving average price is $147.25. 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, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $183.83. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 40.14, a P/E/G ratio of 1.33 and a beta of 1.21.

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

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.