Pacer Advisors Inc. Acquires 238 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Pacer Advisors Inc. lifted its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 28.2% in the fourth quarter, HoldingsChannel reports. The fund owned 1,083 shares of the company’s stock after buying an additional 238 shares during the period. Pacer Advisors Inc.’s holdings in SPX Technologies were worth $158,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in SPX Technologies during the 3rd quarter valued at $28,000. ST Germain D J Co. Inc. bought a new stake in SPX Technologies during the 3rd quarter valued at $44,000. Farther Finance Advisors LLC raised its holdings in SPX Technologies by 247.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 501 shares of the company’s stock valued at $80,000 after buying an additional 357 shares during the last quarter. Hilltop National Bank raised its holdings in SPX Technologies by 19.9% during the 4th quarter. Hilltop National Bank now owns 536 shares of the company’s stock valued at $78,000 after buying an additional 89 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in SPX Technologies by 65.2% during the 3rd quarter. Signaturefd LLC now owns 542 shares of the company’s stock valued at $86,000 after buying an additional 214 shares during the last quarter. 92.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on SPXC. Sidoti lowered shares of SPX Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $187.00 to $175.00 in a report on Friday, December 6th. Wolfe Research initiated coverage on shares of SPX Technologies in a research report on Monday, November 25th. They set an “outperform” rating and a $199.00 price objective on the stock. Finally, UBS Group reduced their price objective on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock 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’s stock. According to data from MarketBeat.com, SPX Technologies has a consensus rating of “Hold” and an average price target of $168.50.

SPX Technologies Stock Up 1.8 %

Shares of SPX Technologies stock opened at $148.98 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $152.90 and its two-hundred day simple moving average is $155.39. The company has a market cap of $6.91 billion, a P/E ratio of 40.05, a PEG ratio of 1.35 and a beta of 1.29. SPX Technologies, Inc. has a 12-month low of $102.45 and a 12-month high of $183.83.

SPX Technologies Company 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.