Wealthstar Advisors LLC Takes Position in SPX Technologies, Inc. (NYSE:SPXC)

Wealthstar Advisors LLC bought a new position in shares of SPX Technologies, Inc. (NYSE:SPXC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,874 shares of the company’s stock, valued at approximately $1,146,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPXC. Empowered Funds LLC bought a new position in SPX Technologies in the 4th quarter worth approximately $27,000. V Square Quantitative Management LLC bought a new position in shares of SPX Technologies during the third quarter worth $28,000. ST Germain D J Co. Inc. purchased a new position in SPX Technologies during the third quarter valued at $44,000. Spire Wealth Management bought a new stake in SPX Technologies in the 4th quarter valued at $57,000. Finally, Hilltop National Bank lifted its stake in SPX Technologies by 19.9% in the 4th quarter. Hilltop National Bank now owns 536 shares of the company’s stock worth $78,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 92.82% of the company’s stock.

Analyst Ratings Changes

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

SPX Technologies Trading Down 1.1 %

SPXC opened at $150.76 on Monday. The stock has a 50-day moving average of $150.89 and a 200 day moving average of $155.38. 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 firm has a market cap of $6.99 billion, a P/E ratio of 40.53, a P/E/G ratio of 1.38 and a beta of 1.29.

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.