National Bank of Canada FI Has $44,000 Stock Holdings in SPX Technologies, Inc. (NYSE:SPXC)

National Bank of Canada FI trimmed its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 22.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 301 shares of the company’s stock after selling 86 shares during the quarter. National Bank of Canada FI’s holdings in SPX Technologies were worth $44,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPXC. Allworth Financial LP raised its stake in shares of SPX Technologies by 123.3% in the fourth quarter. Allworth Financial LP now owns 163 shares of the company’s stock worth $25,000 after acquiring an additional 90 shares during the last quarter. Empowered Funds LLC bought a new position in SPX Technologies in the 4th quarter valued at $27,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of SPX Technologies by 377.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company’s stock valued at $29,000 after buying an additional 151 shares during the period. Skandinaviska Enskilda Banken AB publ raised its position in shares of SPX Technologies by 2,055.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company’s stock worth $28,000 after acquiring an additional 185 shares during the last quarter. Finally, Spire Wealth Management acquired a new position in shares of SPX Technologies during the fourth quarter valued at $57,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Stock Performance

Shares of NYSE:SPXC opened at $132.10 on Friday. The firm’s 50 day simple moving average is $138.37 and its 200 day simple moving average is $150.78. SPX Technologies, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $183.83. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 1.33 and a beta of 1.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19.

Analyst Ratings Changes

Several analysts have weighed in on SPXC shares. Sidoti raised 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 target for the company in a research report on Wednesday, February 26th. Finally, 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 report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.