Squarepoint Ops LLC Sells 957 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Squarepoint Ops LLC decreased its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 26.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,695 shares of the company’s stock after selling 957 shares during the quarter. Squarepoint Ops LLC’s holdings in SPX Technologies were worth $383,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SPXC. Crewe Advisors LLC acquired a new stake in shares of SPX Technologies in the 2nd quarter worth $28,000. Canada Pension Plan Investment Board acquired a new position in SPX Technologies during the second quarter worth $28,000. UMB Bank n.a. grew its holdings in SPX Technologies by 965.0% in 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 last quarter. Hilltop National Bank acquired a new stake in shares of SPX Technologies during the second quarter valued at $39,000. Finally, GAMMA Investing LLC grew its holdings in SPX Technologies by 122.6% in the 2nd quarter. GAMMA Investing LLC now owns 423 shares of the company’s stock valued at $60,000 after buying an additional 233 shares during the period. Hedge funds and other institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Performance

Shares of SPXC opened at $163.94 on Friday. SPX Technologies, Inc. has a 52-week low of $77.84 and a 52-week high of $166.92. The company has a quick ratio of 0.81, a current ratio of 1.28 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $153.79 and a 200 day moving average price of $141.92. The firm has a market capitalization of $7.59 billion, a PE ratio of 79.97, a P/E/G ratio of 1.63 and a beta of 1.21.

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

Analysts Set New Price Targets

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

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.