Quantamental Technologies LLC cut its stake in SPX Corp (NYSE:SPXC) by 23.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,298 shares of the company’s stock after selling 700 shares during the quarter. Quantamental Technologies LLC’s holdings in SPX were worth $76,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in SPXC. Dimensional Fund Advisors LP grew its position in shares of SPX by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,101,174 shares of the company’s stock valued at $30,843,000 after purchasing an additional 80,267 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of SPX by 634.7% in the first quarter. BNP Paribas Arbitrage SA now owns 9,977 shares of the company’s stock worth $347,000 after buying an additional 8,619 shares during the period. Bank of Montreal Can increased its holdings in shares of SPX by 71.9% in the first quarter. Bank of Montreal Can now owns 2,053 shares of the company’s stock worth $71,000 after buying an additional 859 shares during the period. SG Americas Securities LLC increased its holdings in shares of SPX by 333.8% in the first quarter. SG Americas Securities LLC now owns 17,153 shares of the company’s stock worth $597,000 after buying an additional 13,199 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of SPX by 8.6% in the first quarter. Janney Montgomery Scott LLC now owns 40,977 shares of the company’s stock worth $1,426,000 after buying an additional 3,252 shares during the period. Institutional investors own 87.39% of the company’s stock.
Separately, Zacks Investment Research upgraded SPX from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Friday, August 9th.
SPX (NYSE:SPXC) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.15. The firm had revenue of $372.40 million for the quarter, compared to the consensus estimate of $354.65 million. SPX had a return on equity of 26.81% and a net margin of 4.21%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, research analysts expect that SPX Corp will post 2.7 EPS for the current fiscal year.
SPX Corporation supplies infrastructure equipment serving the heating, ventilation and cooling (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 in three segments: HVAC, Detection and Measurement, and Engineered Solutions.
Featured Article: What are some reasons analysts would give stocks a buy rating?
Want to see what other hedge funds are holding SPXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPX Corp (NYSE:SPXC).
Receive News & Ratings for SPX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX and related companies with MarketBeat.com's FREE daily email newsletter.