SPX Technologies, Inc. (NYSE:SPXC) Shares Acquired by KBC Group NV

KBC Group NV increased its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 14.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,295 shares of the company’s stock after acquiring an additional 162 shares during the quarter. KBC Group NV’s holdings in SPX Technologies were worth $207,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SPXC. American Century Companies Inc. grew its position in shares of SPX Technologies by 195.2% during the second quarter. American Century Companies Inc. now owns 14,492 shares of the company’s stock worth $2,060,000 after acquiring an additional 9,582 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of SPX Technologies by 15.7% in the second quarter. Victory Capital Management Inc. now owns 73,768 shares of the company’s stock valued at $10,485,000 after purchasing an additional 10,010 shares during the period. Capital World Investors raised its holdings in shares of SPX Technologies by 31.7% during the first quarter. Capital World Investors now owns 379,569 shares of the company’s stock valued at $46,736,000 after buying an additional 91,266 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of SPX Technologies during the first quarter worth approximately $1,013,000. Finally, Diversified Trust Co bought a new position in SPX Technologies in the 2nd quarter worth approximately $798,000. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Down 0.8 %

Shares of SPX Technologies stock opened at $166.66 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. SPX Technologies, Inc. has a 1-year low of $83.98 and a 1-year high of $173.30. The business’s fifty day moving average price is $160.42 and its two-hundred day moving average price is $150.47. The company has a market capitalization of $7.73 billion, a P/E ratio of 45.18, a PEG ratio of 1.63 and a beta of 1.22.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The company had revenue of $483.70 million for the quarter, compared to analysts’ expectations of $501.02 million. During the same period last year, the firm earned $1.06 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts forecast that SPX Technologies, Inc. will post 5.56 EPS for the current year.

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.