ProShare Advisors LLC trimmed its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC – Free Report) by 23.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,840 shares of the company’s stock after selling 2,097 shares during the quarter. ProShare Advisors LLC’s holdings in SPX Technologies were worth $972,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sei Investments Co. increased its holdings in shares of SPX Technologies by 14.7% during the second quarter. Sei Investments Co. now owns 77,246 shares of the company’s stock worth $10,979,000 after purchasing an additional 9,898 shares during the period. Canada Pension Plan Investment Board acquired a new stake in SPX Technologies during the second quarter worth approximately $28,000. Intech Investment Management LLC bought a new position in SPX Technologies during the 2nd quarter worth $651,000. Seven Eight Capital LP acquired a new position in SPX Technologies in the 2nd quarter valued at $474,000. Finally, Hsbc Holdings PLC lifted its position in shares of SPX Technologies by 3.4% during the 2nd quarter. Hsbc Holdings PLC now owns 6,886 shares of the company’s stock valued at $989,000 after acquiring an additional 226 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.
SPX Technologies Stock Performance
NYSE SPXC opened at $159.04 on Friday. SPX Technologies, Inc. has a 1 year low of $77.84 and a 1 year high of $165.13. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 77.58, a P/E/G ratio of 1.62 and a beta of 1.22. The company has a current ratio of 1.28, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The firm’s 50 day simple moving average is $151.84 and its 200 day simple moving average is $139.36.
Wall Street Analysts Forecast Growth
Separately, Oppenheimer cut SPX Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 18th.
Read Our Latest Analysis on SPXC
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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