Natixis Advisors LLC Purchases 1,948 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Natixis Advisors LLC raised its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,192 shares of the company’s stock after acquiring an additional 1,948 shares during the quarter. Natixis Advisors LLC’s holdings in SPX Technologies were worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. increased its stake in SPX Technologies by 4.7% in the 3rd quarter. Assetmark Inc. now owns 1,745 shares of the company’s stock worth $278,000 after acquiring an additional 78 shares during the last quarter. Evergreen Capital Management LLC raised its position in SPX Technologies by 4.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,538 shares of the company’s stock worth $503,000 after purchasing an additional 146 shares during the period. KBC Group NV lifted its stake in shares of SPX Technologies by 14.3% during the 3rd quarter. KBC Group NV now owns 1,295 shares of the company’s stock worth $207,000 after acquiring an additional 162 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of SPX Technologies by 3.8% during the second quarter. Fifth Third Bancorp now owns 4,698 shares of the company’s stock worth $668,000 after purchasing an additional 174 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in SPX Technologies in the 3rd quarter worth about $28,000. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Up 2.0 %

Shares of NYSE:SPXC opened at $176.01 on Friday. The business’s 50 day moving average is $161.84 and its 200 day moving average is $151.13. The stock has a market cap of $8.16 billion, a P/E ratio of 47.31, a price-to-earnings-growth ratio of 1.73 and a beta of 1.22. SPX Technologies, Inc. has a 52-week low of $83.98 and a 52-week high of $176.35. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The company had revenue of $483.70 million for the quarter, compared to the consensus estimate of $501.02 million. During the same quarter last year, the company earned $1.06 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts predict that SPX Technologies, Inc. will post 5.56 EPS for the current 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.