200 Shares in SPX Technologies, Inc. (NYSE:SPXC) Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new stake in SPX Technologies, Inc. (NYSE:SPXC) during the second quarter, HoldingsChannel.com reports. The firm purchased 200 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC acquired a new position in SPX Technologies in the second quarter valued at $651,000. Seven Eight Capital LP purchased a new position in shares of SPX Technologies in the 2nd quarter worth about $474,000. Hsbc Holdings PLC raised its holdings in shares of SPX Technologies by 3.4% in the 2nd quarter. Hsbc Holdings PLC now owns 6,886 shares of the company’s stock worth $989,000 after purchasing an additional 226 shares during the period. Blair William & Co. IL grew its holdings in shares of SPX Technologies by 35.3% during the 2nd quarter. Blair William & Co. IL now owns 18,822 shares of the company’s stock worth $2,675,000 after purchasing an additional 4,911 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in SPX Technologies by 31.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 117,856 shares of the company’s stock worth $16,752,000 after purchasing an additional 28,433 shares in the last quarter. 92.82% of the stock is owned by hedge funds and other institutional investors.

SPX Technologies Stock Up 0.3 %

Shares of NYSE SPXC opened at $159.46 on Tuesday. The stock has a fifty day moving average price of $152.02 and a 200 day moving average price of $139.99. The company has a current ratio of 1.28, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. SPX Technologies, Inc. has a 12-month low of $77.84 and a 12-month high of $165.13. The company has a market cap of $7.38 billion, a P/E ratio of 77.79, a P/E/G ratio of 1.62 and a beta of 1.22.

SPX Technologies (NYSE:SPXC) last posted its earnings results on Thursday, August 1st. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.17. The business had revenue of $501.30 million during the quarter, compared to analyst estimates of $492.08 million. SPX Technologies had a return on equity of 19.20% and a net margin of 5.53%. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 earnings per share. Research analysts anticipate that SPX Technologies, Inc. will post 5.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer cut shares of SPX Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 18th.

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.