SPX Technologies, Inc. (NYSE:SPXC) Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE cut its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,289 shares of the company’s stock after selling 611 shares during the period. Axiom Investors LLC DE owned approximately 0.24% of SPX Technologies worth $16,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Cerity Partners LLC lifted its position in shares of SPX Technologies by 43.5% in the 3rd quarter. Cerity Partners LLC now owns 3,434 shares of the company’s stock valued at $548,000 after acquiring an additional 1,041 shares in the last quarter. Glenmede Trust Co. NA increased its position in SPX Technologies by 35.0% during the third quarter. Glenmede Trust Co. NA now owns 4,630 shares of the company’s stock worth $738,000 after buying an additional 1,200 shares during the last quarter. Captrust Financial Advisors lifted its holdings in SPX Technologies by 3.8% in the 3rd quarter. Captrust Financial Advisors now owns 8,030 shares of the company’s stock worth $1,280,000 after purchasing an additional 292 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of SPX Technologies during the 3rd quarter worth $481,000. Finally, Centiva Capital LP acquired a new stake in shares of SPX Technologies in the third quarter valued at about $361,000. Institutional investors own 92.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SPXC shares. Oppenheimer raised SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price target for the company in a report on Wednesday, February 26th. UBS Group cut their target price 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. Finally, Sidoti upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.75.

SPX Technologies Trading Down 3.1 %

SPXC stock opened at $129.49 on Monday. The company has a fifty day moving average price of $143.26 and a two-hundred day moving average price of $153.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. SPX Technologies, Inc. has a one year low of $116.05 and a one year high of $183.83.

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.