First Trust Advisors LP acquired a new stake in shares of SPX Corp (NASDAQ:SPXC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 199,523 shares of the company’s stock, valued at approximately $5,020,000. First Trust Advisors LP owned about 0.47% of SPX Corp as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in SPX Corp during the first quarter valued at approximately $113,000. State of Alaska Department of Revenue increased its stake in SPX Corp by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 4,660 shares of the company’s stock valued at $113,000 after buying an additional 140 shares during the period. Quantbot Technologies LP acquired a new stake in SPX Corp during the first quarter valued at approximately $148,000. AXA acquired a new stake in SPX Corp during the first quarter valued at approximately $201,000. Finally, Mason Street Advisors LLC increased its stake in SPX Corp by 7.9% in the first quarter. Mason Street Advisors LLC now owns 9,874 shares of the company’s stock valued at $239,000 after buying an additional 721 shares during the period.

Shares of SPX Corp (NASDAQ SPXC) opened at 24.10 on Friday. The firm’s 50-day moving average is $26.18 and its 200 day moving average is $25.32. The stock’s market capitalization is $1.02 billion. SPX Corp has a 12-month low of $15.49 and a 12-month high of $29.25.

SPX Corp (NASDAQ:SPXC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09. The company had revenue of $349.70 million during the quarter, compared to the consensus estimate of $354.84 million. SPX Corp had a negative return on equity of 15.86% and a negative net margin of 2.37%. SPX Corp’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. On average, equities research analysts forecast that SPX Corp will post $1.75 EPS for the current fiscal year.

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Separately, Zacks Investment Research raised shares of SPX Corp from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, August 8th.

About SPX Corp

SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.

Institutional Ownership by Quarter for SPX Corp (NASDAQ:SPXC)

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