Raymond James Financial Inc. purchased a new stake in SPX Technologies, Inc. (NYSE:SPXC – Free Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 222,217 shares of the company’s stock, valued at approximately $32,337,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mutual of America Capital Management LLC raised its position in SPX Technologies by 212.5% during the third quarter. Mutual of America Capital Management LLC now owns 23,744 shares of the company’s stock valued at $3,786,000 after purchasing an additional 16,145 shares in the last quarter. Barclays PLC grew its stake in shares of SPX Technologies by 299.0% during the third quarter. Barclays PLC now owns 84,567 shares of the company’s stock worth $13,485,000 after buying an additional 63,373 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of SPX Technologies by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company’s stock worth $164,888,000 after buying an additional 8,916 shares during the last quarter. Corsair Capital Management L.P. grew its stake in shares of SPX Technologies by 80,185.2% during the third quarter. Corsair Capital Management L.P. now owns 114,005 shares of the company’s stock worth $18,179,000 after buying an additional 113,863 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of SPX Technologies by 5.0% during the fourth quarter. Nordea Investment Management AB now owns 365,583 shares of the company’s stock worth $53,203,000 after buying an additional 17,324 shares during the last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.
SPX Technologies Trading Down 1.7 %
SPXC opened at $131.55 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. SPX Technologies, Inc. has a fifty-two week low of $114.99 and a fifty-two week high of $183.83. The firm has a market capitalization of $6.10 billion, a PE ratio of 35.36, a P/E/G ratio of 1.33 and a beta of 1.26. The company’s 50-day moving average is $145.37 and its 200 day moving average is $154.35.
Analyst Ratings Changes
View Our Latest Report on SPXC
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.
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