Amalgamated Bank lowered its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC – Get Rating) by 5.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,753 shares of the company's stock after selling 1,146 shares during the period. Amalgamated Bank's holdings in SPX Technologies were worth $1,075,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. grew its stake in SPX Technologies by 1.5% during the first quarter. BlackRock Inc. now owns 6,946,104 shares of the company's stock worth $343,207,000 after purchasing an additional 104,221 shares during the period. Vanguard Group Inc. grew its stake in SPX Technologies by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,769,080 shares of the company's stock worth $235,640,000 after purchasing an additional 29,958 shares during the period. State Street Corp grew its stake in SPX Technologies by 4.2% during the first quarter. State Street Corp now owns 1,612,018 shares of the company's stock worth $79,650,000 after purchasing an additional 64,267 shares during the period. Segall Bryant & Hamill LLC grew its stake in SPX Technologies by 2.2% during the fourth quarter. Segall Bryant & Hamill LLC now owns 1,159,306 shares of the company's stock worth $69,190,000 after purchasing an additional 25,353 shares during the period. Finally, GW&K Investment Management LLC boosted its holdings in SPX Technologies by 18.3% in the first quarter. GW&K Investment Management LLC now owns 923,283 shares of the company's stock worth $45,620,000 after acquiring an additional 142,785 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company's stock.
Get SPX Technologies alerts:Wall Street Analyst Weigh In
Several brokerages have issued reports on SPXC. StockNews.com upgraded SPX Technologies from a "hold" rating to a "buy" rating in a report on Monday, August 8th. TheStreet upgraded SPX Technologies from a "c" rating to a "b-" rating in a report on Tuesday, July 19th.
Insider Buying and Selling
In related news, insider John William Swann III sold 9,365 shares of SPX Technologies stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $55.00, for a total transaction of $515,075.00. Following the sale, the insider now directly owns 83,472 shares in the company, valued at $4,590,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.SPX Technologies Stock Up 3.2 %
SPXC stock opened at $55.55 on Thursday. SPX Technologies, Inc. has a twelve month low of $41.66 and a twelve month high of $68.24. The company has a quick ratio of 1.47, a current ratio of 2.11 and a debt-to-equity ratio of 0.21. The stock's 50 day moving average is $58.38 and its 200-day moving average is $52.45. The firm has a market capitalization of $2.51 billion, a PE ratio of 7.15, a P/E/G ratio of 1.06 and a beta of 1.23.
SPX Technologies (NYSE:SPXC – Get Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.10. SPX Technologies had a return on equity of 10.25% and a net margin of 27.91%. The company had revenue of $354.00 million for the quarter, compared to analyst estimates of $341.43 million. Sell-side analysts expect that SPX Technologies, Inc. will post 2.83 EPS for the current fiscal year.
SPX Technologies Company Profile
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SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. 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 and comfort heating and ventilation products for the residential and commercial markets.
Further Reading
- Get a free copy of the StockNews.com research report on SPX Technologies (SPXC)
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