Emerald Mutual Fund Advisers Trust Grows Position in SPX Technologies, Inc. (NYSE:SPXC)

Emerald Mutual Fund Advisers Trust boosted its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 30.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 97,982 shares of the company’s stock after acquiring an additional 22,645 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in SPX Technologies were worth $15,624,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of SPX Technologies during the 3rd quarter worth $28,000. Crewe Advisors LLC purchased a new stake in SPX Technologies during the 2nd quarter worth about $28,000. Canada Pension Plan Investment Board acquired a new position in shares of SPX Technologies during the 2nd quarter worth about $28,000. UMB Bank n.a. increased its holdings in shares of SPX Technologies by 965.0% in the 2nd quarter. UMB Bank n.a. now owns 213 shares of the company’s stock valued at $30,000 after acquiring an additional 193 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of SPX Technologies during the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Stock Up 1.2 %

Shares of NYSE SPXC opened at $145.20 on Friday. The stock has a market cap of $6.72 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 1.43 and a beta of 1.22. SPX Technologies, Inc. has a 52-week low of $77.90 and a 52-week high of $173.30. The business has a 50-day moving average price of $157.76 and a 200 day moving average price of $146.67. The company has a quick ratio of 0.81, a current ratio of 1.85 and a debt-to-equity ratio of 0.49.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The firm had revenue of $483.70 million during the quarter, compared to the consensus estimate of $501.02 million. During the same quarter in the prior year, the firm earned $1.06 EPS. SPX Technologies’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts forecast that SPX Technologies, Inc. will post 5.56 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.