SPX Technologies, Inc. (NYSE:SPXC) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC increased its stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 178.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,470 shares of the company's stock after purchasing an additional 4,146 shares during the period. Schonfeld Strategic Advisors LLC's holdings in SPX Technologies were worth $942,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP lifted its stake in 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 during the period. Empowered Funds LLC purchased a new stake in SPX Technologies in the 4th quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in SPX Technologies by 377.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company's stock worth $29,000 after acquiring an additional 151 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in SPX Technologies by 2,055.6% in 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 in the last quarter. Finally, Covestor Ltd grew its holdings in shares of SPX Technologies by 313.8% during the fourth quarter. Covestor Ltd now owns 389 shares of the company's stock worth $57,000 after buying an additional 295 shares in the last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Trading Up 3.6%

Shares of SPXC traded up $5.36 during mid-day trading on Monday, reaching $154.26. The stock had a trading volume of 267,178 shares, compared to its average volume of 277,675. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. SPX Technologies, Inc. has a 52-week low of $115.00 and a 52-week high of $183.83. The business's fifty day moving average is $134.04 and its 200 day moving average is $146.96. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 41.47, 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 data 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. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The firm had revenue of $482.60 million during the quarter, compared to analyst estimates of $481.32 million. During the same quarter in the prior year, the firm posted $1.25 earnings per share. SPX Technologies's quarterly revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts predict that SPX Technologies, Inc. will post 5.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SPXC shares. Sidoti raised shares of 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 target price for the company in a report on Wednesday, February 26th.

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.