Vontobel Holding Ltd. Sells 1,020 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Vontobel Holding Ltd. cut its position in SPX Technologies, Inc. (NYSE:SPXC) by 12.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,970 shares of the company’s stock after selling 1,020 shares during the period. Vontobel Holding Ltd.’s holdings in SPX Technologies were worth $1,111,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Crewe Advisors LLC purchased a new position in SPX Technologies in the second quarter worth about $28,000. Canada Pension Plan Investment Board purchased a new position in shares of SPX Technologies during the second quarter valued at approximately $28,000. UMB Bank n.a. lifted its position 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 purchasing an additional 193 shares during the period. Hilltop National Bank bought a new position in SPX Technologies during the second quarter valued at approximately $39,000. Finally, GAMMA Investing LLC lifted its position in SPX Technologies by 122.6% during the second quarter. GAMMA Investing LLC now owns 423 shares of the company’s stock valued at $60,000 after purchasing an additional 233 shares during the period. 92.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Oppenheimer downgraded shares of SPX Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 18th.

SPX Technologies Stock Down 4.5 %

Shares of SPX Technologies stock opened at $163.97 on Monday. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 73.86, a price-to-earnings-growth ratio of 1.70 and a beta of 1.21. The company’s 50 day moving average is $157.11 and its 200 day moving average is $144.41. SPX Technologies, Inc. has a twelve month low of $77.84 and a twelve month high of $173.30. The company has a quick ratio of 0.81, a current ratio of 1.28 and a debt-to-equity ratio of 0.40.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.17. SPX Technologies had a net margin of 5.53% and a return on equity of 19.20%. The business had revenue of $501.30 million for the quarter, compared to the consensus estimate of $492.08 million. During the same period last year, the firm earned $1.06 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. Research analysts anticipate that SPX Technologies, Inc. will post 5.54 EPS for the current year.

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.