Assetmark Inc. Increases Stock Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Assetmark Inc. boosted its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,745 shares of the company’s stock after acquiring an additional 78 shares during the period. Assetmark Inc.’s holdings in SPX Technologies were worth $278,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Conestoga Capital Advisors LLC purchased a new position in shares of SPX Technologies during the second quarter worth about $51,070,000. Capital International Investors bought a new position in shares of SPX Technologies in the 1st quarter worth $21,819,000. Select Equity Group L.P. bought a new position in shares of SPX Technologies in the 2nd quarter worth $24,904,000. Hood River Capital Management LLC raised its position in shares of SPX Technologies by 1,342.6% during the 2nd quarter. Hood River Capital Management LLC now owns 187,537 shares of the company’s stock valued at $26,657,000 after buying an additional 174,537 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of SPX Technologies by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 5,173,939 shares of the company’s stock valued at $637,067,000 after buying an additional 173,021 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Down 0.2 %

Shares of NYSE:SPXC opened at $163.07 on Friday. The firm has a fifty day moving average of $159.47 and a 200 day moving average of $149.52. SPX Technologies, Inc. has a 52-week low of $83.98 and a 52-week high of $173.30. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. The firm has a market capitalization of $7.56 billion, a PE ratio of 43.83, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. The firm had revenue of $483.70 million for the quarter, compared to analyst estimates of $501.02 million. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.06 EPS. As a group, research analysts anticipate that SPX Technologies, Inc. will post 5.56 EPS for the current fiscal year.

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.