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

Segall Bryant & Hamill LLC lessened its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 39.7% during the 3rd quarter, Holdings Channel reports. The fund owned 289,482 shares of the company’s stock after selling 190,962 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in SPX Technologies were worth $46,161,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SPXC. State Board of Administration of Florida Retirement System grew its stake in shares of SPX Technologies by 19.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 15,112 shares of the company’s stock valued at $1,861,000 after buying an additional 2,500 shares during the period. Vanguard Group Inc. raised its position in SPX Technologies by 3.5% in the first quarter. Vanguard Group Inc. now owns 5,173,939 shares of the company’s stock valued at $637,067,000 after purchasing an additional 173,021 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of SPX Technologies during the 1st quarter worth $349,000. UniSuper Management Pty Ltd purchased a new stake in SPX Technologies in the 1st quarter valued at about $1,013,000. Finally, Bessemer Group Inc. lifted its position in SPX Technologies by 22.8% in the first quarter. Bessemer Group Inc. now owns 4,492 shares of the company’s stock valued at $553,000 after buying an additional 835 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Stock Up 2.5 %

SPX Technologies stock opened at $168.06 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. The firm has a 50 day moving average price of $159.90 and a 200 day moving average price of $150.20. SPX Technologies, Inc. has a fifty-two week low of $83.98 and a fifty-two week high of $173.30. The company has a market capitalization of $7.79 billion, a PE ratio of 45.18, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22.

SPX Technologies (NYSE:SPXC) last released its earnings results on Wednesday, October 30th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. The company had revenue of $483.70 million during the quarter, compared to the consensus estimate of $501.02 million. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. SPX Technologies’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS. Research analysts expect that SPX Technologies, Inc. will post 5.56 earnings per share for the current 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.