Versor Investments LP Sells 82 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Versor Investments LP decreased its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,418 shares of the company’s stock after selling 82 shares during the quarter. Versor Investments LP’s holdings in SPX Technologies were worth $226,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SPXC. Vanguard Group Inc. increased its stake in shares of SPX Technologies by 3.5% in the first quarter. Vanguard Group Inc. now owns 5,173,939 shares of the company’s stock valued at $637,067,000 after buying an additional 173,021 shares during the period. Earnest Partners LLC increased its position in SPX Technologies by 3.3% during the 2nd quarter. Earnest Partners LLC now owns 1,066,426 shares of the company’s stock valued at $151,582,000 after purchasing an additional 33,675 shares during the period. Conestoga Capital Advisors LLC raised its holdings in SPX Technologies by 74.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 627,260 shares of the company’s stock worth $100,023,000 after purchasing an additional 267,965 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of SPX Technologies by 17.4% in the 2nd quarter. Principal Financial Group Inc. now owns 520,416 shares of the company’s stock worth $73,972,000 after purchasing an additional 77,008 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of SPX Technologies by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 397,605 shares of the company’s stock worth $56,516,000 after buying an additional 8,931 shares during the period. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Price Performance

Shares of NYSE SPXC opened at $163.07 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $7.56 billion, a PE ratio of 43.84, a P/E/G ratio of 1.68 and a beta of 1.22. The firm has a fifty day simple moving average of $159.47 and a 200 day simple moving average of $149.52. SPX Technologies, Inc. has a twelve month low of $83.98 and a twelve month high of $173.30.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The company had revenue of $483.70 million for the quarter, compared to the consensus estimate of $501.02 million. During the same period in the previous year, the business earned $1.06 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts forecast that SPX Technologies, Inc. will post 5.56 EPS for the current year.

SPX Technologies Profile

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.