Natixis Reduces Stock Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Natixis decreased its position in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,238 shares of the company's stock after selling 11,816 shares during the period. Natixis owned 0.17% of SPX Technologies worth $11,676,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several research analysts have commented on SPXC shares. UBS Group dropped their price objective on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Sidoti upgraded SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, Oppenheimer upgraded shares of SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 target price for the company in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $174.75.

SPX Technologies Trading Down 0.2 %

Shares of SPXC traded down $0.22 during midday trading on Friday, reaching $133.28. The company had a trading volume of 54,196 shares, compared to its average volume of 279,194. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. The stock has a market cap of $6.23 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. The firm has a 50 day simple moving average of $134.31 and a 200-day simple moving average of $148.94. SPX Technologies, Inc. has a 1-year low of $115.00 and a 1-year high of $183.83.

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.