Robeco Schweiz AG Has $13.51 Million Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Robeco Schweiz AG trimmed its stake in SPX Technologies, Inc. (NYSE:SPXC) by 46.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 95,041 shares of the company’s stock after selling 81,569 shares during the period. Robeco Schweiz AG’s holdings in SPX Technologies were worth $13,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Truist Financial Corp bought a new stake in shares of SPX Technologies in the fourth quarter valued at about $631,000. Charles Schwab Investment Management Inc. raised its holdings in SPX Technologies by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,819 shares of the company’s stock valued at $46,143,000 after acquiring an additional 11,882 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of SPX Technologies in the 4th quarter worth approximately $249,000. Quadrant Capital Group LLC grew its holdings in shares of SPX Technologies by 54.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,340 shares of the company’s stock worth $135,000 after purchasing an additional 475 shares in the last quarter. Finally, Navellier & Associates Inc. increased its position in shares of SPX Technologies by 25.1% during the fourth quarter. Navellier & Associates Inc. now owns 11,025 shares of the company’s stock valued at $1,114,000 after purchasing an additional 2,211 shares during the period. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Stock Up 2.9 %

Shares of SPXC opened at $148.80 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.28 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $149.91 and a two-hundred day moving average price of $136.03. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 72.59, a P/E/G ratio of 1.45 and a beta of 1.22. SPX Technologies, Inc. has a 12 month low of $77.84 and a 12 month high of $164.91.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Thursday, August 1st. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.17. The business had revenue of $501.30 million during the quarter, compared to analysts’ expectations of $492.08 million. SPX Technologies had a return on equity of 19.20% and a net margin of 5.53%. SPX Technologies’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 EPS. Equities analysts predict that SPX Technologies, Inc. will post 5.54 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling at SPX Technologies

In other SPX Technologies news, insider J Randall Data sold 39,412 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $143.89, for a total value of $5,670,992.68. Following the transaction, the insider now directly owns 52,657 shares in the company, valued at $7,576,815.73. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.53% of the company’s stock.

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.