EFG Asset Management North America Corp. Purchases New Position in SPX Technologies, Inc. (NYSE:SPXC)

EFG Asset Management North America Corp. purchased a new position in SPX Technologies, Inc. (NYSE:SPXC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,546 shares of the company’s stock, valued at approximately $1,245,000.

Other large investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in shares of SPX Technologies in the 4th quarter worth approximately $239,000. Vanguard Group Inc. boosted its stake in SPX Technologies by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 5,031,289 shares of the company’s stock worth $732,153,000 after buying an additional 89,770 shares during the period. LPL Financial LLC increased its position in SPX Technologies by 24.3% during the fourth quarter. LPL Financial LLC now owns 12,924 shares of the company’s stock valued at $1,881,000 after acquiring an additional 2,526 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of SPX Technologies in the fourth quarter valued at $990,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of SPX Technologies in the 4th quarter worth about $1,368,000. 92.82% of the stock is owned by institutional investors.

SPX Technologies Trading Up 0.1 %

Shares of SPXC opened at $139.43 on Wednesday. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 1.33 and a beta of 1.26. 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 $116.05 and a 1-year high of $183.83. The company has a 50-day moving average of $144.18 and a 200 day moving average of $153.33.

Wall Street Analyst Weigh In

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

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.