Choreo LLC Invests $282,000 in SPX Technologies, Inc. (NYSE:SPXC)

Choreo LLC acquired a new position in shares of SPX Technologies, Inc. (NYSE:SPXC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,025 shares of the company’s stock, valued at approximately $282,000.

Several other institutional investors have also modified their holdings of SPXC. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of SPX Technologies during the 4th quarter worth $249,000. Quadrant Capital Group LLC lifted its position in SPX Technologies by 54.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,340 shares of the company’s stock valued at $135,000 after acquiring an additional 475 shares during the last quarter. Norges Bank purchased a new stake in SPX Technologies in the fourth quarter valued at $48,528,000. UBS Group AG lifted its position in SPX Technologies by 51.9% in the fourth quarter. UBS Group AG now owns 79,466 shares of the company’s stock valued at $8,027,000 after acquiring an additional 27,149 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in SPX Technologies in the fourth quarter valued at $219,000. 92.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SPX Technologies

In other SPX Technologies news, insider J Randall Data sold 39,412 shares of SPX Technologies stock in a transaction on Monday, June 24th. The shares were sold at an average price of $143.89, for a total value of $5,670,992.68. Following the transaction, the insider now directly owns 52,657 shares in the company, valued at $7,576,815.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.53% of the stock is currently owned by company insiders.

SPX Technologies Price Performance

Shares of SPXC opened at $154.79 on Thursday. SPX Technologies, Inc. has a 1-year low of $77.84 and a 1-year high of $164.91. The stock has a market cap of $7.16 billion, a PE ratio of 75.51, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.28 and a quick ratio of 0.81. The firm has a fifty day moving average price of $150.74 and a 200 day moving average price of $137.28.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.17. The company had revenue of $501.30 million for the quarter, compared to analyst estimates of $492.08 million. SPX Technologies had a net margin of 5.53% and a return on equity of 19.20%. SPX Technologies’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 earnings per share. As a group, sell-side analysts anticipate that SPX Technologies, Inc. will post 5.54 EPS for the current year.

Analyst Ratings Changes

Separately, Oppenheimer cut shares of SPX Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 18th.

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.