Oppenheimer & Co. Inc. Sells 310 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Oppenheimer & Co. Inc. lowered its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 5.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 4,952 shares of the company’s stock after selling 310 shares during the period. Oppenheimer & Co. Inc.’s holdings in SPX Technologies were worth $790,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake in shares of SPX Technologies by 19.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 15,112 shares of the company’s stock worth $1,861,000 after acquiring an additional 2,500 shares during the period. Vanguard Group Inc. increased its holdings in shares of SPX Technologies by 3.5% in 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 during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of SPX Technologies in the first quarter valued at about $349,000. UniSuper Management Pty Ltd bought a new position in shares of SPX Technologies in the first quarter valued at about $1,013,000. Finally, Bessemer Group Inc. lifted its stake in shares of SPX Technologies by 22.8% during the 1st quarter. Bessemer Group Inc. now owns 4,492 shares of the company’s stock worth $553,000 after buying an additional 835 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Stock Up 2.5 %

Shares of SPXC opened at $168.06 on Wednesday. The firm has a market cap of $7.79 billion, a P/E ratio of 44.07, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. SPX Technologies, Inc. has a 52 week low of $83.98 and a 52 week high of $173.30. The firm’s 50-day simple moving average is $159.90 and its 200 day simple moving average is $150.20.

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

About SPX Technologies

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.