Vanguard Group Inc. Has $732.15 Million Stake in SPX Technologies, Inc. (NYSE:SPXC)

Vanguard Group Inc. boosted its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,031,289 shares of the company’s stock after buying an additional 89,770 shares during the period. Vanguard Group Inc. owned approximately 10.85% of SPX Technologies worth $732,153,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Cerity Partners LLC boosted its position in shares of SPX Technologies by 43.5% in the 3rd quarter. Cerity Partners LLC now owns 3,434 shares of the company’s stock worth $548,000 after purchasing an additional 1,041 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in SPX Technologies by 35.0% during the third quarter. Glenmede Trust Co. NA now owns 4,630 shares of the company’s stock worth $738,000 after buying an additional 1,200 shares during the last quarter. Captrust Financial Advisors grew its position in shares of SPX Technologies by 3.8% during the 3rd quarter. Captrust Financial Advisors now owns 8,030 shares of the company’s stock worth $1,280,000 after buying an additional 292 shares during the period. Verition Fund Management LLC bought a new stake in shares of SPX Technologies in the 3rd quarter valued at about $481,000. Finally, Centiva Capital LP acquired a new stake in shares of SPX Technologies in the 3rd quarter valued at approximately $361,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Trading Down 3.1 %

SPXC opened at $129.49 on Monday. The stock has a market capitalization 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. 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 12 month low of $116.05 and a 12 month high of $183.83. The firm’s fifty day simple moving average is $143.26 and its 200 day simple moving average is $153.12.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Sidoti upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating in a 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 objective for the company in a research report on Wednesday, February 26th. Finally, UBS Group reduced their target price on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.