SPX Technologies, Inc. (NYSE:SPXC) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL increased its position in SPX Technologies, Inc. (NYSE:SPXC) by 10.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,157 shares of the company’s stock after purchasing an additional 12,048 shares during the period. Blair William & Co. IL owned 0.27% of SPX Technologies worth $18,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NEOS Investment Management LLC grew its holdings in shares of SPX Technologies by 22.9% during the fourth quarter. NEOS Investment Management LLC now owns 40,768 shares of the company’s stock valued at $5,933,000 after purchasing an additional 7,592 shares during the last quarter. JPMorgan Chase & Co. boosted its position in SPX Technologies by 16.1% during the 4th quarter. JPMorgan Chase & Co. now owns 685,445 shares of the company’s stock valued at $99,746,000 after purchasing an additional 94,893 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in SPX Technologies by 377.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company’s stock worth $29,000 after buying an additional 151 shares during the last quarter. EFG Asset Management North America Corp. acquired a new stake in SPX Technologies in the fourth quarter worth $1,245,000. Finally, EntryPoint Capital LLC bought a new stake in SPX Technologies in the fourth quarter valued at $239,000. 92.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on SPXC shares. Sidoti upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 26th. Oppenheimer upgraded shares of SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price target on the stock in a research note on Wednesday, February 26th. Finally, UBS Group reduced their price objective on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.75.

SPX Technologies Trading Down 3.1 %

Shares of NYSE:SPXC opened at $129.49 on Friday. The company has a 50 day moving average of $143.26 and a 200-day moving average of $152.98. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The firm has a market cap of $6.01 billion, a P/E ratio of 34.81, a P/E/G ratio of 1.33 and a beta of 1.26. SPX Technologies, Inc. has a twelve month low of $116.05 and a twelve month high of $183.83.

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.