Great West Life Assurance Co. Can Reduces Stake in SPX Corp (SPXC)

Great West Life Assurance Co. Can lowered its position in SPX Corp (NYSE:SPXC) by 7.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,434 shares of the company’s stock after selling 4,843 shares during the quarter. Great West Life Assurance Co. Can owned about 0.13% of SPX worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Flinton Capital Management LLC grew its position in SPX by 40.7% in the second quarter. Flinton Capital Management LLC now owns 4,114 shares of the company’s stock worth $103,000 after buying an additional 1,190 shares during the last quarter. Riverhead Capital Management LLC grew its position in SPX by 43.6% in the second quarter. Riverhead Capital Management LLC now owns 4,164 shares of the company’s stock worth $105,000 after buying an additional 1,264 shares during the last quarter. Capital Fund Management S.A. acquired a new position in SPX in the second quarter worth approximately $201,000. Suntrust Banks Inc. acquired a new position in SPX in the second quarter worth approximately $202,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in SPX in the third quarter worth approximately $202,000. Institutional investors own 86.85% of the company’s stock.

In related news, CAO Michael Andrew Reilly sold 3,833 shares of SPX stock in a transaction on Friday, November 10th. The shares were sold at an average price of $30.59, for a total value of $117,251.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.55% of the company’s stock.

SPX Corp (NYSE:SPXC) traded up $0.64 during trading on Thursday, hitting $32.87. 100,503 shares of the stock were exchanged, compared to its average volume of 160,163. The company has a market cap of $1,370.00, a P/E ratio of 42.69 and a beta of 1.75. The company has a quick ratio of 0.81, a current ratio of 1.15 and a debt-to-equity ratio of 1.22. SPX Corp has a fifty-two week low of $21.97 and a fifty-two week high of $33.18.

SPX (NYSE:SPXC) last announced its earnings results on Thursday, November 2nd. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The firm had revenue of $348.50 million for the quarter, compared to the consensus estimate of $343.12 million. SPX had a negative net margin of 3.86% and a positive return on equity of 37.49%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. equities research analysts anticipate that SPX Corp will post 1.8 EPS for the current year.

SPXC has been the topic of several recent research reports. UBS Group lifted their price target on shares of SPX from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. BidaskClub raised shares of SPX from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. TheStreet raised shares of SPX from a “d+” rating to a “c” rating in a research note on Monday, November 6th. Zacks Investment Research raised shares of SPX from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Tuesday, November 7th. Finally, ValuEngine lowered shares of SPX from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.00.

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About SPX

SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.

Institutional Ownership by Quarter for SPX (NYSE:SPXC)

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