Marshall Wace North America L.P. Makes New $445,000 Investment in SPX Corp (NYSE:SPXC)

Marshall Wace North America L.P. bought a new stake in SPX Corp (NYSE:SPXC) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 12,789 shares of the company’s stock, valued at approximately $445,000.

Several other institutional investors also recently modified their holdings of SPXC. Rhumbline Advisers increased its stake in shares of SPX by 21.2% during the 4th quarter. Rhumbline Advisers now owns 122,072 shares of the company’s stock worth $3,419,000 after purchasing an additional 21,312 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of SPX by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 18,047 shares of the company’s stock worth $505,000 after purchasing an additional 703 shares during the last quarter. Comerica Bank increased its stake in shares of SPX by 1.3% during the 4th quarter. Comerica Bank now owns 42,185 shares of the company’s stock worth $1,230,000 after purchasing an additional 526 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of SPX during the 4th quarter worth $514,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of SPX during the 4th quarter worth $462,000. Institutional investors and hedge funds own 87.25% of the company’s stock.

Shares of SPXC traded up $0.07 during mid-day trading on Thursday, hitting $34.22. 168,700 shares of the company’s stock were exchanged, compared to its average volume of 233,555. SPX Corp has a twelve month low of $25.22 and a twelve month high of $39.28. The firm’s fifty day simple moving average is $32.35. The company has a current ratio of 1.12, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.50 billion, a PE ratio of 15.55 and a beta of 1.47.

SPX (NYSE:SPXC) last posted its earnings results on Thursday, May 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. SPX had a net margin of 4.44% and a return on equity of 26.49%. The business had revenue of $351.50 million for the quarter, compared to analyst estimates of $344.50 million. During the same period last year, the business posted $0.44 EPS. SPX’s revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts forecast that SPX Corp will post 2.6 EPS for the current year.

Separately, Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st.

In related news, CAO Michael Andrew Reilly sold 45,899 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $32.71, for a total value of $1,501,356.29. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.21% of the company’s stock.

SPX Profile

SPX Corporation supplies infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. It operates in three segments: HVAC, Detection and Measurement, and Engineered Solutions.

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Institutional Ownership by Quarter for SPX (NYSE:SPXC)

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