HighTower Advisors LLC Buys 369 Shares of SPX Technologies, Inc. (NYSE:SPXC)

HighTower Advisors LLC lifted its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 5.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,020 shares of the company’s stock after acquiring an additional 369 shares during the quarter. HighTower Advisors LLC’s holdings in SPX Technologies were worth $1,022,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPXC. Barclays PLC boosted its holdings in shares of SPX Technologies by 299.0% in the third quarter. Barclays PLC now owns 84,567 shares of the company’s stock worth $13,485,000 after acquiring an additional 63,373 shares during the period. Geode Capital Management LLC lifted its holdings in SPX Technologies by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company’s stock worth $164,888,000 after purchasing an additional 8,916 shares in the last quarter. Corsair Capital Management L.P. boosted its stake in SPX Technologies by 80,185.2% in the 3rd quarter. Corsair Capital Management L.P. now owns 114,005 shares of the company’s stock worth $18,179,000 after purchasing an additional 113,863 shares during the period. Nordea Investment Management AB grew its holdings in SPX Technologies by 5.0% during the 4th quarter. Nordea Investment Management AB now owns 365,583 shares of the company’s stock valued at $53,203,000 after buying an additional 17,324 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of SPX Technologies by 0.4% during the third quarter. M&T Bank Corp now owns 37,541 shares of the company’s stock valued at $5,986,000 after buying an additional 160 shares during the period. 92.82% of the stock is owned by hedge funds and other institutional investors.

SPX Technologies Stock Performance

NYSE SPXC opened at $136.18 on Thursday. The company has a market capitalization of $6.32 billion, a P/E ratio of 36.61, a P/E/G ratio of 1.33 and a beta of 1.26. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. SPX Technologies, Inc. has a 52-week low of $116.05 and a 52-week high of $183.83. The company has a fifty day moving average of $143.93 and a 200-day moving average of $153.21.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SPXC shares. Sidoti raised shares of SPX Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. UBS Group lowered their price objective on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Oppenheimer upgraded SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 target price for the company in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, SPX Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.75.

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.