SPX Technologies, Inc. (NYSE:SPXC) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 9.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,192 shares of the company’s stock after purchasing an additional 1,948 shares during the quarter. Natixis Advisors LLC’s holdings in SPX Technologies were worth $3,539,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new position in SPX Technologies during the second quarter valued at $28,000. Canada Pension Plan Investment Board acquired a new stake in SPX Technologies in the 2nd quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new position in shares of SPX Technologies during the 3rd quarter worth approximately $28,000. UMB Bank n.a. grew its holdings in shares of SPX Technologies by 965.0% in the second quarter. UMB Bank n.a. now owns 213 shares of the company’s stock valued at $30,000 after purchasing an additional 193 shares during the period. Finally, Hilltop National Bank acquired a new position in SPX Technologies in the 2nd quarter valued at about $39,000. 92.82% of the stock is owned by hedge funds and other institutional investors.

SPX Technologies Stock Performance

Shares of SPX Technologies stock opened at $176.01 on Friday. The business’s fifty day simple moving average is $161.84 and its 200-day simple moving average is $151.13. 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 firm has a market cap of $8.16 billion, a PE ratio of 47.31, a price-to-earnings-growth ratio of 1.73 and a beta of 1.22. SPX Technologies, Inc. has a 52 week low of $83.98 and a 52 week high of $176.35.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings data 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 firm had revenue of $483.70 million for the quarter, compared to the consensus estimate of $501.02 million. During the same quarter in the previous year, the business earned $1.06 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities analysts forecast that SPX Technologies, Inc. will post 5.56 earnings per share 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.