GW&K Investment Management LLC Sells 68,010 Shares of SPX Technologies, Inc. (NYSE:SPXC)

GW&K Investment Management LLC decreased its position in SPX Technologies, Inc. (NYSE:SPXC) by 13.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 442,770 shares of the company’s stock after selling 68,010 shares during the period. GW&K Investment Management LLC owned approximately 0.96% of SPX Technologies worth $64,432,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State Street Corp grew its stake in SPX Technologies by 1.3% in the third quarter. State Street Corp now owns 1,729,989 shares of the company’s stock valued at $275,864,000 after acquiring an additional 22,177 shares during the period. Geode Capital Management LLC lifted its holdings in shares of SPX Technologies by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company’s stock valued at $164,888,000 after purchasing an additional 8,916 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in shares of SPX Technologies by 25.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 787,795 shares of the company’s stock valued at $114,640,000 after purchasing an additional 160,535 shares during the period. Janus Henderson Group PLC increased its stake in SPX Technologies by 45.3% during the 3rd quarter. Janus Henderson Group PLC now owns 696,713 shares of the company’s stock worth $111,100,000 after purchasing an additional 217,316 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in SPX Technologies by 29.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 623,405 shares of the company’s stock worth $99,408,000 after purchasing an additional 142,544 shares in the last quarter. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Down 4.8 %

Shares of SPXC stock opened at $144.00 on Friday. The firm’s fifty day moving average price is $147.11 and its two-hundred day moving average price is $155.43. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. SPX Technologies, Inc. has a 1 year low of $112.53 and a 1 year high of $183.83. The firm has a market capitalization of $6.68 billion, a P/E ratio of 38.71, a PEG ratio of 1.33 and a beta of 1.29.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wolfe Research began coverage on shares of SPX Technologies in a report on Monday, November 25th. They issued an “outperform” rating and a $199.00 price target for the company. UBS Group cut their price objective on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Oppenheimer upgraded SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 target price for the company in a report on Wednesday. Finally, Sidoti upgraded SPX Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.75.

About SPX Technologies

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.