MCF Advisors LLC Sells 100 Shares of SPX Technologies, Inc. (NYSE:SPXC)

MCF Advisors LLC lowered its position in SPX Technologies, Inc. (NYSE:SPXC) by 5.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,621 shares of the company’s stock after selling 100 shares during the period. MCF Advisors LLC’s holdings in SPX Technologies were worth $258,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SPXC. Nordea Investment Management AB grew its stake in SPX Technologies by 160.6% during the first quarter. Nordea Investment Management AB now owns 382,490 shares of the company’s stock worth $47,069,000 after purchasing an additional 235,720 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of SPX Technologies during the 1st quarter worth approximately $1,522,000. American Century Companies Inc. increased its stake in shares of SPX Technologies by 195.2% in the 2nd quarter. American Century Companies Inc. now owns 14,492 shares of the company’s stock valued at $2,060,000 after acquiring an additional 9,582 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of SPX Technologies by 15.7% in the 2nd quarter. Victory Capital Management Inc. now owns 73,768 shares of the company’s stock valued at $10,485,000 after acquiring an additional 10,010 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of SPX Technologies by 31.7% during the 1st quarter. Capital World Investors now owns 379,569 shares of the company’s stock valued at $46,736,000 after acquiring an additional 91,266 shares during the period. 92.82% of the stock is owned by institutional investors.

SPX Technologies Stock Down 0.2 %

Shares of NYSE SPXC traded down $0.29 during midday trading on Friday, hitting $157.23. 131,174 shares of the stock traded hands, compared to its average volume of 248,049. SPX Technologies, Inc. has a one year low of $77.90 and a one year high of $173.30. The business has a 50 day moving average price of $157.89 and a two-hundred day moving average price of $145.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.28. The company has a market cap of $7.27 billion, a PE ratio of 76.70, a P/E/G ratio of 1.59 and a beta of 1.21.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.17. SPX Technologies had a net margin of 5.53% and a return on equity of 19.20%. The business had revenue of $501.30 million during the quarter, compared to analyst estimates of $492.08 million. During the same quarter in the previous year, the business posted $1.06 EPS. SPX Technologies’s quarterly revenue was up 18.4% on a year-over-year basis. On average, equities analysts predict that SPX Technologies, Inc. will post 5.54 EPS for the current year.

Analysts Set New Price Targets

Separately, Oppenheimer downgraded shares of SPX Technologies from an “outperform” rating to a “market perform” rating in a research note 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.