EntryPoint Capital LLC Makes New $239,000 Investment in SPX Technologies, Inc. (NYSE:SPXC)

EntryPoint Capital LLC purchased a new stake in SPX Technologies, Inc. (NYSE:SPXC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,639 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Private Advisor Group LLC lifted its stake in SPX Technologies by 1.0% during the fourth quarter. Private Advisor Group LLC now owns 6,921 shares of the company’s stock worth $1,007,000 after purchasing an additional 68 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in SPX Technologies by 1.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,342 shares of the company’s stock worth $632,000 after acquiring an additional 68 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in SPX Technologies by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,383 shares of the company’s stock valued at $201,000 after acquiring an additional 73 shares during the period. Sequoia Financial Advisors LLC grew its position in SPX Technologies by 2.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,386 shares of the company’s stock valued at $493,000 after acquiring an additional 85 shares in the last quarter. Finally, Signaturefd LLC increased its stake in SPX Technologies by 15.9% during the fourth quarter. Signaturefd LLC now owns 628 shares of the company’s stock worth $91,000 after purchasing an additional 86 shares during the period. Hedge funds and other institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Down 3.1 %

Shares of SPX Technologies stock opened at $129.49 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. SPX Technologies, Inc. has a 52-week low of $116.05 and a 52-week high of $183.83. The company has a market capitalization of $6.01 billion, a P/E ratio of 34.81, a P/E/G ratio of 1.33 and a beta of 1.26. The company has a 50 day moving average of $143.26 and a 200 day moving average of $152.98.

Analyst Ratings Changes

SPXC has been the subject of a number of research reports. UBS Group dropped their price objective on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Sidoti upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, Oppenheimer raised SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price objective on the stock in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.75.

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.