Fiera Capital Corp Has $5.94 Million Stock Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Fiera Capital Corp cut its holdings in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,840 shares of the company's stock after selling 8,020 shares during the quarter. Fiera Capital Corp owned about 0.13% of SPX Technologies worth $5,943,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC raised its position in shares of SPX Technologies by 240.3% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 59,531 shares of the company's stock valued at $6,013,000 after purchasing an additional 42,039 shares during the period. Raymond James & Associates raised its position in shares of SPX Technologies by 153.2% in the fourth quarter. Raymond James & Associates now owns 24,895 shares of the company's stock valued at $2,515,000 after purchasing an additional 15,063 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of SPX Technologies in the fourth quarter valued at approximately $2,303,000. FMR LLC raised its position in shares of SPX Technologies by 23.0% in the third quarter. FMR LLC now owns 1,338,942 shares of the company's stock valued at $108,990,000 after purchasing an additional 250,494 shares during the period. Finally, Sei Investments Co. raised its position in shares of SPX Technologies by 16.7% in the third quarter. Sei Investments Co. now owns 162,586 shares of the company's stock valued at $13,235,000 after purchasing an additional 23,287 shares during the period. 92.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPXC has been the topic of a number of research reports. UBS Group boosted their target price on shares of SPX Technologies from $126.00 to $142.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 8th. Oppenheimer boosted their target price on shares of SPX Technologies from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. William Blair reaffirmed an "outperform" rating on shares of SPX Technologies in a research report on Friday, May 3rd. Finally, StockNews.com lowered shares of SPX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, May 11th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $141.00.

Insider Activity

In other news, CEO Eugene Joseph Lowe III sold 27,048 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $115.48, for a total value of $3,123,503.04. Following the sale, the chief executive officer now owns 597,936 shares in the company, valued at approximately $69,049,649.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SPX Technologies news, insider John William Swann III sold 32,325 shares of the business's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $117.61, for a total transaction of $3,801,743.25. Following the completion of the sale, the insider now directly owns 82,884 shares of the company's stock, valued at approximately $9,747,987.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eugene Joseph Lowe III sold 27,048 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $115.48, for a total value of $3,123,503.04. Following the sale, the chief executive officer now directly owns 597,936 shares of the company's stock, valued at $69,049,649.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,373 shares of company stock worth $10,962,146. Corporate insiders own 3.53% of the company's stock.

SPX Technologies Stock Performance

SPXC traded up $0.99 during trading on Friday, reaching $140.07. 162,660 shares of the company's stock were exchanged, compared to its average volume of 237,818. SPX Technologies, Inc. has a fifty-two week low of $75.54 and a fifty-two week high of $142.36. The company has a quick ratio of 0.70, a current ratio of 1.12 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $123.72 and a 200 day moving average price of $107.07. The company has a market capitalization of $6.48 billion, a P/E ratio of 68.33, a PEG ratio of 1.47 and a beta of 1.24.

SPX Technologies (NYSE:SPXC - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.19. SPX Technologies had a net margin of 5.32% and a return on equity of 18.18%. The firm had revenue of $465.20 million for the quarter, compared to the consensus estimate of $454.05 million. During the same quarter in the previous year, the company earned $0.93 earnings per share. The business's revenue was up 16.4% compared to the same quarter last year. As a group, analysts predict that SPX Technologies, Inc. will post 5.36 earnings per share for the current fiscal year.

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.

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