XTX Topco Ltd Makes New $213,000 Investment in SPX Technologies, Inc. (NYSE:SPXC)

XTX Topco Ltd acquired a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC) in the third quarter, HoldingsChannel.com reports. The fund acquired 1,337 shares of the company’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of SPX Technologies by 113.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,500 shares of the company’s stock valued at $497,000 after acquiring an additional 1,858 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of SPX Technologies by 69.9% during the second quarter. Raymond James & Associates now owns 43,786 shares of the company’s stock valued at $6,224,000 after purchasing an additional 18,009 shares during the last quarter. Fifth Third Bancorp boosted its holdings in SPX Technologies by 3.8% in the second quarter. Fifth Third Bancorp now owns 4,698 shares of the company’s stock worth $668,000 after acquiring an additional 174 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of SPX Technologies in the second quarter worth approximately $192,000. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of SPX Technologies by 3.1% during the second quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the company’s stock valued at $3,312,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Price Performance

NYSE SPXC opened at $143.21 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $6.64 billion, a P/E ratio of 38.50, a PEG ratio of 1.55 and a beta of 1.26. The company has a 50-day moving average price of $163.71 and a 200-day moving average price of $154.25. SPX Technologies, Inc. has a 52 week low of $95.00 and a 52 week high of $183.83.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. The business had revenue of $483.70 million for the quarter, compared to analysts’ expectations of $501.02 million. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. Equities research analysts anticipate that SPX Technologies, Inc. will post 5.56 earnings per share for the current year.

Analysts Set New Price Targets

SPXC has been the subject of a number of recent analyst reports. Wolfe Research assumed coverage on SPX Technologies in a research report on Monday, November 25th. They issued an “outperform” rating and a $199.00 target price for the company. Sidoti downgraded shares of SPX Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $187.00 to $175.00 in a research report on Friday, December 6th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, SPX Technologies currently has a consensus rating of “Hold” and an average price target of $164.00.

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.