According to the most recent Form 13F filing with the Securities and Exchange Commission made by the company, Wakefield Asset Management LLLP had increased its holdings in SPX Technologies, Inc. (NYSE: SPXC) as of the end of the third quarter (SEC). The total amount invested was approximately $690,000, and the corporation purchased 12,499 shares at approximately that amount.
Many other institutional investors and hedge funds have increased or decreased the percentage of the company’s stock they own throughout the past few months. CIBC Asset Management Inc.
Made a completely new investment, and hedge funds have either increased or decreased the amount of the company’s stock they own as a proportion of their portfolios.
During the third quarter of 2018, CIBC Asset Management Inc.
Made a brand-new investment in SPX Technologies for $208,000.
During the third quarter, Creative Planning successfully elevated the percentage of SPX Technologies stock owned by 23.3%. The duration of the period saw Creative Planning acquire an additional 931 shares of the company’s stock, bringing the total number of shares owned by the company to 4,921, with an estimated value of $272,000.
Increased its holdings in SPX Technologies by a factor of 47.3% during the third quarter of the current fiscal year.
After making additional purchases of 2,206 shares throughout the period, Ellevest Inc. now holds 6,872 of the company in its portfolio. The total value of Ellevest Inc.’s stock holdings, as of this moment, amounts to $379,000.
During the third quarter, Victory Capital Management Inc.
Increased the amount of SPX Technologies stock owned by 1.8%, bringing the total amount of stock owned by the company to 1.8%.
As a result of the acquisition of an additional 277 shares during the relevant period, Victory Capital Management Inc. now owns a total of 15,332 shares of the company’s stock, which has a value of $847,000.
In addition, during the third quarter, the Oregon Public Employees Retirement Fund increased the proportion of SPX Technologies stock owned by 1.9%. This increase took place during the quarter. The Oregon Public Employees Retirement Fund now has 15,132 shares of the company’s stock, currently valued at $836,000. This was accomplished by purchasing an additional 289 shares during the period in question. The majority of the shares in the company are controlled by institutional investors and hedge funds, which account for 92.06 percent of the total share count.
NYSE SPXC began trading for the first time on Thursday, and the opening price for the stock was $71.32. The company is currently valued at $3.22 billion based on several metrics, including its price-to-earnings ratio of 96.38, its earnings growth price-to-earnings ratio of 1.18, and its beta value of 1.18.
All of these metrics contributed to the company’s valuation. The value of the current ratio is 2.24, the value of the quick ratio is 1.53, and the value of the debt-to-equity ratio is 0.23. These values are all related to one another.
Moving averages for the past 50 days come in at $68.09 for the company, while moving averages for the past 200 days come in at $62.68 respectively. SPX Technologies, Inc.
Is currently trading at prices corresponding to its yearly low of $41.66, and its yearly high of $75.25.
Both of these prices have been seen recently.
On November 3, SPX Technologies released its most recent quarterly earnings report, located on its website under the ticker symbol “SPXC.” The company reported earnings per share of $0.81, which is $0.15 higher than the consensus estimate among analysts, who had predicted earnings per share of $0.66. The company’s sales for the quarter came in at $370.50 million, which was significantly higher than the general projection of $352 million that analysts made. SPX Technologies achieved a return on equity of 11.87%, while the company’s net margin came in at 2.45%. SPX Technologies, Inc.
Is expected to have earnings of $2.91 per share in the current fiscal year, according to projections made by industry analysts.
According to additional news regarding SPX Technologies, Vice President Natausha Heleena White sold 10,190 shares of the company’s stock on Tuesday, November 8. This information was obtained from publicly available sources. The stock was sold for a total of $711,567.70, equivalent to $69.83 per share, while the transaction took place. Following the sale’s completion, the company’s vice president now directly owns 33,518 shares of the company’s stock, which currently have a value of approximately USD 2,340,561.94.
A document containing the information given to the Securities and Exchange Commission regarding the transaction can be found on this website. The document contains all of the information that was given to the SEC. 3.70 percent of the company’s stock is held in personal accounts by company insiders.
Several different research companies have published recent studies on SPXC. The most recent events are the primary focus of these papers. On November 30 of this year, the rating of SPX Technologies was changed by StockNews.com from “hold” to “buy.” Oppenheimer reaffirmed their “buy” rating on shares of SPX Technologies and positioned them with a price target of $72.00 in a report published on Thursday, September 29. The report was distributed globally.
The heating, ventilation, and air conditioning (HVAC) market and the detection and measurement market are served by the infrastructure equipment that SPX Technologies, Inc.
In the United States of America, China, the United Kingdom, and other locations around the world manufactures. The company’s two primary revenue sources are the Heating, Ventilation, and Air Conditioning (HVAC) and Detection and Measurement (D&M) business segments.
In the heating, ventilation, and air conditioning (HVAC) industrial and power generation markets, HVAC engineers, designers, manufacturers, installers, and service providers package and process cooling products and provide engineered air movement solutions.
In addition, HVAC engineers design, manufacture, install and provide maintenance for boilers and comfort heating and ventilation products for the commercial and residential markets.