SPX Corp (SPXC) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. lifted its position in SPX Corp (NYSE:SPXC) by 29.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,561 shares of the company’s stock after purchasing an additional 15,833 shares during the quarter. Macquarie Group Ltd. owned approximately 0.16% of SPX worth $2,041,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Flinton Capital Management LLC boosted its position in shares of SPX by 40.7% in the 2nd quarter. Flinton Capital Management LLC now owns 4,114 shares of the company’s stock valued at $103,000 after purchasing an additional 1,190 shares during the period. Riverhead Capital Management LLC boosted its position in shares of SPX by 43.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,164 shares of the company’s stock valued at $105,000 after purchasing an additional 1,264 shares during the period. Quantitative Systematic Strategies LLC acquired a new stake in shares of SPX in the 3rd quarter valued at about $202,000. Milestone Group Inc. acquired a new stake in shares of SPX in the 3rd quarter valued at about $206,000. Finally, Shell Asset Management Co. acquired a new stake in shares of SPX in the 3rd quarter valued at about $671,000. 87.41% of the stock is owned by hedge funds and other institutional investors.
In other SPX news, CAO Michael Andrew Reilly sold 3,833 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $30.59, for a total transaction of $117,251.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by company insiders.
SPX Corp (SPXC) traded down $0.39 during trading on Wednesday, reaching $30.98. The company’s stock had a trading volume of 139,800 shares, compared to its average volume of 269,357. SPX Corp has a 52 week low of $21.97 and a 52 week high of $32.71. The company has a quick ratio of 0.81, a current ratio of 1.15 and a debt-to-equity ratio of 1.22. The firm has a market cap of $1,336.65, a PE ratio of 16.77 and a beta of 1.72.
SPX (NYSE:SPXC) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. SPX had a positive return on equity of 37.49% and a negative net margin of 3.86%. The company had revenue of $348.50 million during the quarter, compared to analysts’ expectations of $343.12 million. During the same period last year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. equities analysts predict that SPX Corp will post 1.8 EPS for the current year.
A number of brokerages recently issued reports on SPXC. BidaskClub raised SPX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. Zacks Investment Research cut SPX from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine cut SPX from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 14th. TheStreet raised SPX from a “d+” rating to a “c” rating in a research report on Monday, November 6th. Finally, UBS increased their price objective on SPX from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. SPX currently has an average rating of “Buy” and an average price target of $37.00.
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.
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