Rhumbline Advisers lifted its holdings in SPX Co. (NYSE:SPXC) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,678 shares of the company’s stock after acquiring an additional 13,694 shares during the quarter. Rhumbline Advisers owned 0.23% of SPX worth $3,035,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. IFC Holdings Incorporated FL acquired a new stake in shares of SPX in the fourth quarter worth $207,000. OxFORD Asset Management LLP acquired a new stake in shares of SPX in the third quarter worth $202,000. Crossmark Global Holdings Inc. acquired a new stake in shares of SPX in the third quarter worth $232,000. Fuller & Thaler Asset Management Inc. increased its stake in shares of SPX by 179.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,100 shares of the company’s stock worth $238,000 after acquiring an additional 5,200 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of SPX by 6.6% in the second quarter. Royal Bank of Canada now owns 8,857 shares of the company’s stock worth $223,000 after acquiring an additional 549 shares during the period. Hedge funds and other institutional investors own 86.73% of the company’s stock.
SPXC traded down $0.69 during midday trading on Friday, hitting $31.66. 191,175 shares of the company traded hands, compared to its average volume of 251,413. The company has a quick ratio of 1.06, a current ratio of 1.37 and a debt-to-equity ratio of 1.11. The company has a market cap of $1,354.51, a price-to-earnings ratio of 17.79 and a beta of 1.54. SPX Co. has a 52-week low of $21.97 and a 52-week high of $33.93.
SPX (NYSE:SPXC) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). The company had revenue of $387.00 million for the quarter, compared to analysts’ expectations of $396.35 million. SPX had a net margin of 6.26% and a return on equity of 31.70%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 earnings per share. research analysts forecast that SPX Co. will post 2.1 EPS for the current year.
SPXC has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of SPX from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. ValuEngine raised shares of SPX from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. UBS initiated coverage on shares of SPX in a report on Tuesday, January 23rd. They set a “buy” rating and a $41.00 price target on the stock. Susquehanna Bancshares set a $32.00 price target on shares of SPX and gave the stock a “hold” rating in a report on Friday, February 16th. Finally, TheStreet raised shares of SPX from a “c” rating to a “b-” rating in a report on Thursday, February 15th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. SPX currently has a consensus rating of “Buy” and an average target price of $36.00.
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SPX Corporation supplies infrastructure equipment serving the heating and ventilation (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 through three segments: HVAC, Detection and Measurement, and Engineered Solutions.
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