Amundi Has $4.16 Million Stock Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Amundi raised its stake in SPX Technologies, Inc. (NYSE:SPXC) by 106.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,051 shares of the company’s stock after purchasing an additional 15,006 shares during the period. Amundi’s holdings in SPX Technologies were worth $4,160,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Allworth Financial LP raised its holdings in SPX Technologies by 123.3% in the 4th quarter. Allworth Financial LP now owns 163 shares of the company’s stock valued at $25,000 after acquiring an additional 90 shares during the period. Empowered Funds LLC bought a new position in shares of SPX Technologies during the fourth quarter worth approximately $27,000. Spire Wealth Management acquired a new stake in SPX Technologies during the 4th quarter worth approximately $57,000. Hilltop National Bank boosted its stake in SPX Technologies by 19.9% in the 4th quarter. Hilltop National Bank now owns 536 shares of the company’s stock valued at $78,000 after purchasing an additional 89 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in SPX Technologies by 334.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 760 shares of the company’s stock valued at $109,000 after buying an additional 585 shares in the last quarter. 92.82% of the stock is owned by institutional investors.

SPX Technologies Stock Performance

Shares of SPX Technologies stock opened at $134.44 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The company has a market cap of $6.24 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. The company has a 50 day moving average of $145.06 and a 200-day moving average of $154.15. SPX Technologies, Inc. has a 1-year low of $116.05 and a 1-year high of $183.83.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their target price on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Wolfe Research began coverage on shares of SPX Technologies in a report on Monday, November 25th. They issued an “outperform” rating and a $199.00 price objective for the company. Sidoti raised shares of SPX Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, Oppenheimer upgraded 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, SPX Technologies has an average rating of “Moderate Buy” and an average target price of $174.75.

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.