4,213 Shares in SPX Technologies, Inc. (NYSE:SPXC) Acquired by Cibc World Markets Corp

Cibc World Markets Corp acquired a new position in SPX Technologies, Inc. (NYSE:SPXC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,213 shares of the company’s stock, valued at approximately $613,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in SPX Technologies by 123.3% in the 4th quarter. Allworth Financial LP now owns 163 shares of the company’s stock worth $25,000 after buying an additional 90 shares in the last quarter. Empowered Funds LLC bought a new position in SPX Technologies during the 4th quarter valued at $27,000. Skandinaviska Enskilda Banken AB publ boosted its stake in SPX Technologies by 2,055.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company’s stock valued at $28,000 after purchasing an additional 185 shares in the last quarter. Spire Wealth Management bought a new position in SPX Technologies during the 4th quarter valued at $57,000. Finally, Hilltop National Bank boosted its stake in SPX Technologies by 19.9% during the 4th quarter. Hilltop National Bank now owns 536 shares of the company’s stock valued at $78,000 after purchasing an additional 89 shares in the last quarter. 92.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SPXC has been the subject of a number of research reports. UBS Group decreased their price target on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Wolfe Research initiated coverage on SPX Technologies in a research note on Monday, November 25th. They set an “outperform” rating and a $199.00 price target for the company. Oppenheimer raised SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price target for the company in a research note on Wednesday, February 26th. Finally, Sidoti raised SPX Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $174.75.

SPX Technologies Stock Performance

SPXC opened at $134.10 on Friday. The firm has a market cap of $6.22 billion, a PE ratio of 36.05, a P/E/G ratio of 1.33 and a beta of 1.26. 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 business has a fifty day simple moving average of $144.31 and a 200-day simple moving average of $153.34. SPX Technologies, Inc. has a fifty-two week low of $116.05 and a fifty-two week high of $183.83.

SPX Technologies Company 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.