SPX Technologies, Inc. (NYSE:SPXC) Shares Acquired by Diametric Capital LP

Diametric Capital LP boosted its stake in SPX Technologies, Inc. (NYSE:SPXC) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,999 shares of the company’s stock after acquiring an additional 299 shares during the period. Diametric Capital LP’s holdings in SPX Technologies were worth $291,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of SPX Technologies by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 5,031,289 shares of the company’s stock valued at $732,153,000 after purchasing an additional 89,770 shares in the last quarter. State Street Corp increased its holdings in SPX Technologies by 1.3% in the third quarter. State Street Corp now owns 1,729,989 shares of the company’s stock valued at $275,864,000 after buying an additional 22,177 shares during the last quarter. Geode Capital Management LLC increased its holdings in SPX Technologies by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company’s stock valued at $164,888,000 after buying an additional 8,916 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in SPX Technologies by 25.6% during the fourth quarter. Conestoga Capital Advisors LLC now owns 787,795 shares of the company’s stock valued at $114,640,000 after buying an additional 160,535 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in SPX Technologies by 45.3% during the 3rd quarter. Janus Henderson Group PLC now owns 696,713 shares of the company’s stock worth $111,100,000 after buying an additional 217,316 shares during the last quarter. 92.82% of the stock is currently owned by institutional investors.

SPX Technologies Price Performance

Shares of NYSE SPXC opened at $132.30 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. The firm has a market capitalization of $6.14 billion, a PE ratio of 35.56, a P/E/G ratio of 1.33 and a beta of 1.26. SPX Technologies, Inc. has a 1-year low of $116.05 and a 1-year high of $183.83. The business’s fifty day moving average price is $142.44 and its two-hundred day moving average price is $152.85.

Analysts Set New Price Targets

SPXC has been the topic of several research reports. Sidoti raised SPX Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 26th. Oppenheimer raised shares of SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 target price on the stock in a report on Wednesday, February 26th. Finally, UBS Group decreased their price target on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, SPX Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $174.75.

About SPX Technologies

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.