Versor Investments LP Has $226,000 Stock Position in SPX Technologies, Inc. (NYSE:SPXC)

Versor Investments LP cut its position in SPX Technologies, Inc. (NYSE:SPXC) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,418 shares of the company’s stock after selling 82 shares during the period. Versor Investments LP’s holdings in SPX Technologies were worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Conestoga Capital Advisors LLC acquired a new stake in SPX Technologies in the second quarter valued at approximately $51,070,000. Capital International Investors bought a new position in SPX Technologies during the 1st quarter valued at $21,819,000. Select Equity Group L.P. bought a new stake in shares of SPX Technologies in the 2nd quarter worth $24,904,000. Hood River Capital Management LLC raised its holdings in shares of SPX Technologies by 1,342.6% in the second quarter. Hood River Capital Management LLC now owns 187,537 shares of the company’s stock valued at $26,657,000 after purchasing an additional 174,537 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of SPX Technologies by 3.5% during the first quarter. Vanguard Group Inc. now owns 5,173,939 shares of the company’s stock valued at $637,067,000 after purchasing an additional 173,021 shares in the last quarter. 92.82% of the stock is owned by institutional investors.

SPX Technologies Trading Down 0.2 %

Shares of SPXC stock opened at $163.07 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 43.84, a PEG ratio of 1.68 and a beta of 1.22. SPX Technologies, Inc. has a 52-week low of $83.98 and a 52-week high of $173.30. The company has a 50-day simple moving average of $159.47 and a two-hundred day simple moving average of $149.52.

SPX Technologies (NYSE:SPXC) last released its earnings results 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. The company had revenue of $483.70 million during the quarter, compared to analyst estimates of $501.02 million. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. SPX Technologies’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 earnings per share. Research analysts anticipate that SPX Technologies, Inc. will post 5.56 EPS for the current fiscal year.

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.