Selz Capital LLC lessened its holdings in SPX Corp (NYSE:SPXC) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 808,801 shares of the company’s stock after selling 90,292 shares during the quarter. SPX accounts for approximately 3.8% of Selz Capital LLC’s investment portfolio, making the stock its 5th biggest position. Selz Capital LLC’s holdings in SPX were worth $25,388,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Flinton Capital Management LLC boosted its position in shares of SPX by 40.7% in the second quarter. Flinton Capital Management LLC now owns 4,114 shares of the company’s stock valued at $103,000 after acquiring an additional 1,190 shares during the period. Riverhead Capital Management LLC boosted its position in shares of SPX by 43.6% in the second quarter. Riverhead Capital Management LLC now owns 4,164 shares of the company’s stock valued at $105,000 after acquiring an additional 1,264 shares during the period. Suntrust Banks Inc. bought a new stake in shares of SPX in the second quarter valued at about $202,000. Quantitative Systematic Strategies LLC bought a new stake in shares of SPX in the third quarter valued at about $202,000. Finally, OxFORD Asset Management LLP bought a new stake in shares of SPX in the third quarter valued at about $202,000. 86.85% of the stock is owned by institutional investors.

Shares of SPX Corp (SPXC) opened at $33.40 on Wednesday. SPX Corp has a 52-week low of $21.97 and a 52-week high of $33.93. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 1.15. The firm has a market cap of $1,389.91, a PE ratio of -24.56 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 the Thomson Reuters’ consensus estimate of $0.28 by $0.08. The business had revenue of $348.50 million during the quarter, compared to analysts’ expectations of $343.12 million. SPX had a negative net margin of 3.86% and a positive return on equity of 37.49%. SPX’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. analysts expect that SPX Corp will post 1.8 EPS for the current fiscal year.

Several research firms recently weighed in on SPXC. UBS Group began coverage on shares of SPX in a research report on Tuesday. They set a “buy” rating and a $41.00 price objective for the company. Zacks Investment Research cut shares of SPX from a “hold” rating to a “strong sell” rating in a research report on Friday, January 5th. ValuEngine cut shares of SPX from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. TheStreet raised shares of SPX from a “d+” rating to a “c” rating in a research report on Monday, November 6th. Finally, BidaskClub raised shares of SPX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $38.00.

In other SPX news, CAO Michael Andrew Reilly sold 3,833 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $30.59, for a total transaction of $117,251.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is currently owned by insiders.

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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.

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Institutional Ownership by Quarter for SPX (NYSE:SPXC)

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