Segall Bryant & Hamill LLC Trims Stake in SPX Technologies, Inc. (NYSE:SPXC)

Segall Bryant & Hamill LLC lessened its stake in SPX Technologies, Inc. (NYSE:SPXC) by 39.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 289,482 shares of the company’s stock after selling 190,962 shares during the period. Segall Bryant & Hamill LLC owned about 0.62% of SPX Technologies worth $46,161,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in shares of SPX Technologies during the 2nd quarter valued at about $28,000. Canada Pension Plan Investment Board purchased a new position in shares of SPX Technologies during the 2nd quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in SPX Technologies during the third quarter worth $28,000. UMB Bank n.a. grew its position in shares of SPX Technologies by 965.0% in the second quarter. UMB Bank n.a. now owns 213 shares of the company’s stock valued at $30,000 after purchasing an additional 193 shares during the period. Finally, Hilltop National Bank purchased a new position in SPX Technologies in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.

SPX Technologies Price Performance

Shares of SPX Technologies stock opened at $168.06 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 business has a 50 day simple moving average of $159.90 and a two-hundred day simple moving average of $150.20. The stock has a market capitalization of $7.79 billion, a P/E ratio of 45.18, a PEG ratio of 1.63 and a beta of 1.22. SPX Technologies, Inc. has a 12 month low of $83.98 and a 12 month high of $173.30.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The company had revenue of $483.70 million for the quarter, compared to analyst estimates of $501.02 million. During the same quarter last year, the firm posted $1.06 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, analysts predict that SPX Technologies, Inc. will post 5.56 EPS for the current fiscal year.

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.