UBS Group AG Reduces Holdings in SPX Technologies, Inc. $SPXC

UBS Group AG trimmed its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 8.7% in the fourth quarter, HoldingsChannel reports. The firm owned 116,555 shares of the company’s stock after selling 11,062 shares during the period. UBS Group AG’s holdings in SPX Technologies were worth $23,318,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky grew its stake in SPX Technologies by 4.8% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 27,896 shares of the company’s stock worth $5,581,000 after acquiring an additional 1,285 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in shares of SPX Technologies during the 4th quarter valued at $289,000. Peregrine Capital Management LLC grew its stake in shares of SPX Technologies by 0.3% during the 4th quarter. Peregrine Capital Management LLC now owns 95,681 shares of the company’s stock valued at $19,142,000 after buying an additional 255 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of SPX Technologies by 46.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock valued at $14,854,000 after buying an additional 23,439 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of SPX Technologies by 1.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 26,506 shares of the company’s stock valued at $5,302,000 after buying an additional 330 shares during the period. 92.82% of the stock is owned by hedge funds and other institutional investors.

SPX Technologies Price Performance

SPXC opened at $202.92 on Monday. The firm has a market cap of $10.18 billion, a price-to-earnings ratio of 39.71, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. SPX Technologies, Inc. has a fifty-two week low of $147.39 and a fifty-two week high of $246.68. The company’s 50-day moving average price is $210.51 and its 200 day moving average price is $212.47. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The company had revenue of $566.80 million for the quarter, compared to analyst estimates of $557.62 million. During the same quarter last year, the business earned $1.38 earnings per share. SPX Technologies’s revenue was up 17.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, sell-side analysts expect that SPX Technologies, Inc. will post 7.97 earnings per share for the current year.

Analyst Ratings Changes

SPXC has been the topic of a number of recent analyst reports. B. Riley Financial reiterated a “buy” rating on shares of SPX Technologies in a report on Friday, May 1st. BMO Capital Markets began coverage on shares of SPX Technologies in a research note on Friday, March 27th. They issued an “outperform” rating and a $243.00 target price on the stock. Wells Fargo & Company upped their target price on shares of SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Truist Financial increased their price objective on shares of SPX Technologies from $251.00 to $261.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Wall Street Zen lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a research note on Sunday. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $249.44.

SPX Technologies Profile

SPX Technologies (NYSE:SPXC) is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.

The company’s Detection & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.