Harvest Fund Management Co. Ltd Has $383,000 Stake in SPX Technologies, Inc. (NYSE:SPXC)

Harvest Fund Management Co. Ltd decreased its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 42.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,630 shares of the company’s stock after selling 1,950 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in SPX Technologies were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Xponance Inc. grew its position in SPX Technologies by 12.0% in the 4th quarter. Xponance Inc. now owns 3,309 shares of the company’s stock valued at $482,000 after purchasing an additional 355 shares during the period. Signaturefd LLC grew its position in SPX Technologies by 15.9% in the 4th quarter. Signaturefd LLC now owns 628 shares of the company’s stock valued at $91,000 after purchasing an additional 86 shares during the period. Cibc World Markets Corp acquired a new stake in SPX Technologies in the 4th quarter valued at $613,000. Envestnet Portfolio Solutions Inc. grew its position in SPX Technologies by 1.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,342 shares of the company’s stock valued at $632,000 after purchasing an additional 68 shares during the period. Finally, Natixis Advisors LLC grew its position in SPX Technologies by 10.3% in the 4th quarter. Natixis Advisors LLC now owns 24,468 shares of the company’s stock valued at $3,561,000 after purchasing an additional 2,276 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group reduced their price target on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Oppenheimer upgraded SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price objective on the stock in a research note on Wednesday, February 26th. Sidoti upgraded SPX Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, Wolfe Research assumed coverage on SPX Technologies in a research note on Monday, November 25th. They set an “outperform” rating and a $199.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $174.75.

SPX Technologies Price Performance

Shares of NYSE:SPXC opened at $134.10 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $144.31 and its two-hundred day simple moving average is $153.31. SPX Technologies, Inc. has a 1-year low of $116.05 and a 1-year high of $183.83. The stock has a market cap of $6.22 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26.

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.