Rothschild Asset Management Inc. purchased a new position in SPX Corp (NASDAQ:SPXC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 192,611 shares of the company’s stock, valued at approximately $4,846,000.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in SPX Corp by 54,864.3% in the first quarter. BlackRock Inc. now owns 5,510,723 shares of the company’s stock worth $133,635,000 after buying an additional 5,500,697 shares in the last quarter. State of Alaska Department of Revenue raised its position in SPX Corp by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 4,660 shares of the company’s stock worth $113,000 after buying an additional 140 shares in the last quarter. OMERS ADMINISTRATION Corp raised its position in SPX Corp by 38.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 32,200 shares of the company’s stock worth $781,000 after buying an additional 9,000 shares in the last quarter. SG Americas Securities LLC bought a new position in SPX Corp during the first quarter worth about $113,000. Finally, Citadel Advisors LLC raised its position in SPX Corp by 104.0% in the first quarter. Citadel Advisors LLC now owns 51,503 shares of the company’s stock worth $1,249,000 after buying an additional 26,251 shares in the last quarter.
Shares of SPX Corp (NASDAQ:SPXC) opened at 26.18 on Tuesday. The company has a 50-day moving average of $26.35 and a 200-day moving average of $25.25. SPX Corp has a 12 month low of $14.43 and a 12 month high of $29.25. The firm’s market cap is $1.11 billion.
SPX Corp (NASDAQ:SPXC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. SPX Corp had a negative net margin of 2.37% and a negative return on equity of 15.86%. The business had revenue of $349.70 million during the quarter, compared to the consensus estimate of $354.84 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. Equities analysts forecast that SPX Corp will post $1.73 EPS for the current fiscal year.
Separately, Zacks Investment Research raised SPX Corp from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday, April 19th.
About SPX Corp
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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