Yousif Capital Management LLC Sells 297 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Yousif Capital Management LLC lowered its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,659 shares of the company’s stock after selling 297 shares during the period. Yousif Capital Management LLC’s holdings in SPX Technologies were worth $2,570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its position in SPX Technologies by 212.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 23,744 shares of the company’s stock worth $3,786,000 after buying an additional 16,145 shares during the period. Barclays PLC grew its stake in shares of SPX Technologies by 299.0% in the third quarter. Barclays PLC now owns 84,567 shares of the company’s stock valued at $13,485,000 after acquiring an additional 63,373 shares in the last quarter. Geode Capital Management LLC increased its position in SPX Technologies by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company’s stock worth $164,888,000 after acquiring an additional 8,916 shares during the period. Nordea Investment Management AB raised its stake in SPX Technologies by 5.0% in the 4th quarter. Nordea Investment Management AB now owns 365,583 shares of the company’s stock worth $53,203,000 after purchasing an additional 17,324 shares in the last quarter. Finally, Corsair Capital Management L.P. boosted its holdings in SPX Technologies by 80,185.2% in the 3rd quarter. Corsair Capital Management L.P. now owns 114,005 shares of the company’s stock valued at $18,179,000 after purchasing an additional 113,863 shares during the period. 92.82% of the stock is owned by institutional investors and hedge funds.

SPX Technologies Stock Performance

Shares of NYSE:SPXC opened at $150.76 on Monday. SPX Technologies, Inc. has a 1 year low of $103.11 and a 1 year high of $183.83. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 40.53, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. 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 company’s 50 day simple moving average is $150.89 and its 200 day simple moving average is $155.38.

Analysts Set New Price Targets

Several research analysts have recently commented on SPXC shares. Sidoti cut shares of SPX Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $187.00 to $175.00 in a report on Friday, December 6th. 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 objective on the stock. Finally, UBS Group cut their target price on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $168.50.

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.