SPX Technologies, Inc. $SPXC Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in SPX Technologies, Inc. (NYSE:SPXC) by 526.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,248 shares of the company’s stock after acquiring an additional 22,058 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of SPX Technologies worth $4,401,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Eastern Bank acquired a new position in SPX Technologies in the 1st quarter valued at about $38,000. SVB Wealth LLC acquired a new stake in shares of SPX Technologies during the 1st quarter worth about $39,000. Quarry LP purchased a new stake in shares of SPX Technologies during the first quarter worth about $57,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of SPX Technologies by 211.3% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 604 shares of the company’s stock valued at $78,000 after buying an additional 410 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of SPX Technologies by 21.8% during the first quarter. NewEdge Advisors LLC now owns 625 shares of the company’s stock valued at $80,000 after buying an additional 112 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

Insider Buying and Selling at SPX Technologies

In other news, insider John William Swann III sold 38,755 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $206.07, for a total transaction of $7,986,242.85. Following the completion of the sale, the insider owned 64,266 shares in the company, valued at approximately $13,243,294.62. The trade was a 37.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.32% of the stock is owned by corporate insiders.

SPX Technologies Trading Up 2.7%

SPXC stock opened at $204.74 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.97 and a debt-to-equity ratio of 0.62. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 46.01, a PEG ratio of 2.06 and a beta of 1.36. The business has a fifty day simple moving average of $196.46 and a 200-day simple moving average of $180.92. SPX Technologies, Inc. has a 52 week low of $115.00 and a 52 week high of $233.71.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Thursday, October 30th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.24. SPX Technologies had a return on equity of 19.59% and a net margin of 10.27%.The firm had revenue of $592.80 million for the quarter, compared to analysts’ expectations of $574.32 million. During the same quarter last year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. SPX Technologies has set its FY 2025 guidance at 6.650-6.800 EPS. On average, equities research analysts expect that SPX Technologies, Inc. will post 5.57 EPS for the current year.

Analyst Ratings Changes

SPXC has been the subject of several analyst reports. Truist Financial began coverage on SPX Technologies in a report on Monday, October 20th. They issued a “hold” rating and a $209.00 price target for the company. B. Riley reaffirmed a “buy” rating and issued a $225.00 price objective (up previously from $212.00) on shares of SPX Technologies in a research report on Monday, October 27th. Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. UBS Group increased their target price on SPX Technologies from $182.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of SPX Technologies in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.22.

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.