MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 17,701 Shares of SPX Technologies, Inc. (NYSE:SPXC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 5.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 339,617 shares of the company’s stock after purchasing an additional 17,701 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in SPX Technologies were worth $49,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPXC. Allworth Financial LP raised its holdings in SPX Technologies by 123.3% during the 4th quarter. Allworth Financial LP now owns 163 shares of the company’s stock worth $25,000 after purchasing an additional 90 shares during the last quarter. Empowered Funds LLC bought a new stake in SPX Technologies during the 4th quarter worth about $27,000. Skandinaviska Enskilda Banken AB publ raised its holdings in SPX Technologies by 2,055.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company’s stock worth $28,000 after purchasing an additional 185 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of SPX Technologies by 377.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company’s stock valued at $29,000 after acquiring an additional 151 shares during the last quarter. Finally, Spire Wealth Management bought a new stake in shares of SPX Technologies in the 4th quarter valued at about $57,000. 92.82% of the stock is owned by institutional investors.

SPX Technologies Stock Performance

Shares of SPXC stock opened at $156.94 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. The stock has a 50-day moving average of $134.68 and a 200-day moving average of $147.01. SPX Technologies, Inc. has a one year low of $115.00 and a one year high of $183.83. The stock has a market cap of $7.33 billion, a PE ratio of 42.19, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.22. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The business had revenue of $482.60 million during the quarter, compared to analyst estimates of $481.32 million. During the same period in the previous year, the firm earned $1.25 EPS. SPX Technologies’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that SPX Technologies, Inc. will post 5.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SPXC shares. Sidoti raised SPX Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. Oppenheimer raised SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price target for the company in a research note on Wednesday, February 26th.

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.