19,867 Shares in SPX Technologies, Inc. (NYSE:SPXC) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,867 shares of the company’s stock, valued at approximately $2,891,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC lifted its position in shares of SPX Technologies by 1.0% during the 4th quarter. Private Advisor Group LLC now owns 6,921 shares of the company’s stock valued at $1,007,000 after buying an additional 68 shares during the last quarter. CIBC Asset Management Inc raised its stake 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 period. Assetmark Inc. lifted its holdings in SPX Technologies by 4.7% during the third quarter. Assetmark Inc. now owns 1,745 shares of the company’s stock valued at $278,000 after purchasing an additional 78 shares during the last quarter. Hilltop National Bank boosted its position in SPX Technologies by 19.9% during the fourth quarter. Hilltop National Bank now owns 536 shares of the company’s stock worth $78,000 after purchasing an additional 89 shares during the period. Finally, Allworth Financial LP increased its stake in shares of SPX Technologies by 123.3% in the fourth quarter. Allworth Financial LP now owns 163 shares of the company’s stock worth $25,000 after purchasing an additional 90 shares in the last quarter. 92.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

SPXC has been the topic of a number of recent research reports. Sidoti upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. Oppenheimer upgraded SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 target price on the stock in a research report on Wednesday, February 26th. UBS Group reduced their price target on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Wolfe Research initiated coverage on SPX Technologies in a report on Monday, November 25th. They set an “outperform” rating and a $199.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.75.

SPX Technologies Trading Down 1.7 %

Shares of SPXC stock opened at $131.55 on Friday. The company has a market capitalization of $6.10 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. SPX Technologies, Inc. has a 52-week low of $114.99 and a 52-week high of $183.83. The business’s fifty day moving average is $145.37 and its 200 day moving average is $154.35. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85.

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.