SPX Technologies, Inc. (NYSE:SPXC) Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC lessened its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,472 shares of the company’s stock after selling 205 shares during the period. Thoroughbred Financial Services LLC’s holdings in SPX Technologies were worth $1,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cerity Partners LLC boosted its stake in SPX Technologies by 43.5% during the 3rd quarter. Cerity Partners LLC now owns 3,434 shares of the company’s stock worth $548,000 after purchasing an additional 1,041 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of SPX Technologies by 3.8% in the third quarter. Captrust Financial Advisors now owns 8,030 shares of the company’s stock worth $1,280,000 after buying an additional 292 shares in the last quarter. Verition Fund Management LLC acquired a new position in SPX Technologies during the third quarter worth about $481,000. Centiva Capital LP acquired a new stake in SPX Technologies in the 3rd quarter valued at about $361,000. Finally, HighTower Advisors LLC raised its holdings in SPX Technologies by 24.2% in the 3rd quarter. HighTower Advisors LLC now owns 6,651 shares of the company’s stock valued at $1,058,000 after acquiring an additional 1,295 shares during the last quarter. 92.82% of the stock is owned by hedge funds and other institutional investors.

SPX Technologies Stock Performance

NYSE SPXC opened at $122.56 on Friday. The stock has a market cap of $5.68 billion, a PE ratio of 32.95, a P/E/G ratio of 1.33 and a beta of 1.22. SPX Technologies, Inc. has a twelve month low of $116.05 and a twelve month high of $183.83. The stock has a fifty day simple moving average of $140.96 and a 200-day simple moving average of $152.31. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SPXC shares. Oppenheimer upgraded SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price target for the company in a research report on Wednesday, February 26th. Sidoti raised SPX Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, UBS Group dropped their price objective on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, SPX Technologies has an average rating of “Moderate Buy” and an average price target of $174.75.

SPX Technologies 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.