Renaissance Technologies LLC lowered its position in SPX Corp (NASDAQ:SPXC) by 4.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 654,100 shares of the company’s stock after selling 28,700 shares during the period. Renaissance Technologies LLC owned 1.55% of SPX Corp worth $15,862,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in shares of SPX Corp by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 4,660 shares of the company’s stock worth $113,000 after buying an additional 140 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of SPX Corp by 38.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 32,200 shares of the company’s stock valued at $781,000 after buying an additional 9,000 shares during the period. SG Americas Securities LLC bought a new stake in shares of SPX Corp during the first quarter valued at about $113,000. Citadel Advisors LLC boosted its stake in shares of SPX Corp by 104.0% in the first quarter. Citadel Advisors LLC now owns 51,503 shares of the company’s stock valued at $1,249,000 after buying an additional 26,251 shares during the period. Finally, Stevens Capital Management LP bought a new stake in shares of SPX Corp during the first quarter valued at about $478,000.
Shares of SPX Corp (SPXC) traded down 4.68% on Friday, reaching $26.87. 1,253,077 shares of the company’s stock traded hands. The firm’s market cap is $1.14 billion. SPX Corp has a one year low of $14.43 and a one year high of $29.25. The company’s 50-day moving average price is $26.35 and its 200 day moving average price is $25.25.
SPX Corp (NASDAQ:SPXC) last posted its earnings results on Thursday, August 3rd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The business had revenue of $349.70 million for the quarter, compared to the consensus estimate of $354.84 million. SPX Corp had a net margin of 3.02% and a return on equity of 20.52%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. On average, equities analysts forecast that SPX Corp will post $1.70 EPS for the current fiscal year.
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Separately, Zacks Investment Research downgraded shares of SPX Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th.
About SPX Corp
SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.
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