MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $49.42 Million Position in SPX Technologies, Inc. (NYSE:SPXC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,617 shares of the company’s stock after buying an additional 17,701 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.73% of SPX Technologies worth $49,421,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SPXC. Janus Henderson Group PLC boosted its stake in shares of SPX Technologies by 3.9% in the 4th quarter. Janus Henderson Group PLC now owns 723,708 shares of the company’s stock valued at $105,321,000 after purchasing an additional 26,995 shares in the last quarter. Gotham Asset Management LLC boosted its stake in shares of SPX Technologies by 9.9% in the 4th quarter. Gotham Asset Management LLC now owns 4,782 shares of the company’s stock valued at $696,000 after purchasing an additional 432 shares in the last quarter. Graham Capital Management L.P. boosted its stake in shares of SPX Technologies by 68.8% in the 4th quarter. Graham Capital Management L.P. now owns 2,436 shares of the company’s stock valued at $354,000 after purchasing an additional 993 shares in the last quarter. Ethic Inc. boosted its stake in shares of SPX Technologies by 20.4% in the 4th quarter. Ethic Inc. now owns 8,939 shares of the company’s stock valued at $1,301,000 after purchasing an additional 1,512 shares in the last quarter. Finally, Fred Alger Management LLC boosted its stake in shares of SPX Technologies by 18.5% in the 4th quarter. Fred Alger Management LLC now owns 167,900 shares of the company’s stock valued at $24,433,000 after purchasing an additional 26,187 shares in the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Sidoti upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. Oppenheimer upgraded shares of SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 target price on the stock in a research note on Wednesday, February 26th.

SPX Technologies Stock Performance

SPX Technologies stock opened at $156.94 on Wednesday. The stock has a 50-day simple moving average of $134.68 and a 200 day simple moving average of $147.01. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. SPX Technologies, Inc. has a 12-month low of $115.00 and a 12-month high of $183.83. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 42.19, a P/E/G ratio of 1.33 and a beta of 1.21.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $481.32 million. During the same period in the previous year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that SPX Technologies, Inc. will post 5.57 earnings per share for the current fiscal year.

About SPX Technologies

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.