Choreo LLC Sells 992 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Choreo LLC lowered its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 34.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,858 shares of the company’s stock after selling 992 shares during the period. Choreo LLC’s holdings in SPX Technologies were worth $266,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in SPX Technologies during the 3rd quarter valued at $28,000. ST Germain D J Co. Inc. bought a new position in shares of SPX Technologies during the third quarter valued at about $44,000. Spire Wealth Management purchased a new stake in shares of SPX Technologies during the fourth quarter worth about $57,000. Hilltop National Bank grew its stake in shares of SPX Technologies by 19.9% in the fourth quarter. Hilltop National Bank now owns 536 shares of the company’s stock worth $78,000 after purchasing an additional 89 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in SPX Technologies by 247.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 501 shares of the company’s stock valued at $80,000 after purchasing an additional 357 shares during the period. Hedge funds and other institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Down 1.6 %

SPX Technologies stock opened at $148.88 on Friday. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 40.02, a PEG ratio of 1.38 and a beta of 1.29. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. SPX Technologies, Inc. has a 12 month low of $103.11 and a 12 month high of $183.83. The stock has a fifty day simple moving average of $149.10 and a two-hundred day simple moving average of $155.46.

Analyst Upgrades and Downgrades

SPXC has been the topic of a number of recent analyst reports. UBS Group cut their price objective on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Sidoti cut shares of SPX Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $187.00 to $175.00 in a report on Friday, December 6th. Finally, Wolfe Research assumed coverage on shares of SPX Technologies in a report on Monday, November 25th. They set an “outperform” rating and a $199.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $168.50.

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.