Mount Yale Investment Advisors LLC cut its stake in shares of SPX Technologies, Inc. (NYSE:SPXC – Free Report) by 12.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,386 shares of the company’s stock after selling 328 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in SPX Technologies were worth $339,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new position in shares of SPX Technologies in the second quarter worth approximately $28,000. Canada Pension Plan Investment Board purchased a new stake in SPX Technologies in the 2nd quarter worth $28,000. UMB Bank n.a. raised its holdings in SPX Technologies by 965.0% during the second quarter. UMB Bank n.a. now owns 213 shares of the company’s stock valued at $30,000 after acquiring an additional 193 shares during the period. Hilltop National Bank purchased a new position in shares of SPX Technologies in the second quarter valued at about $39,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of SPX Technologies in the first quarter worth about $51,000. 92.82% of the stock is owned by hedge funds and other institutional investors.
SPX Technologies Stock Performance
SPXC opened at $161.60 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.28. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 78.83, a PEG ratio of 1.63 and a beta of 1.22. The company has a fifty day moving average of $151.16 and a 200 day moving average of $138.77. SPX Technologies, Inc. has a fifty-two week low of $77.84 and a fifty-two week high of $165.13.
Analysts Set New Price Targets
Separately, Oppenheimer downgraded SPX Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 18th.
Check Out Our Latest Stock Report on SPX Technologies
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.
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