Evanson Asset Management LLC Takes $234,000 Position in SPX Corp (NYSE:SPXC)

Evanson Asset Management LLC acquired a new stake in shares of SPX Corp (NYSE:SPXC) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,856 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SPXC. Meeder Asset Management Inc. acquired a new position in SPX in the second quarter worth about $29,000. Public Employees Retirement System of Ohio acquired a new position in SPX in the second quarter worth about $36,000. NumerixS Investment Technologies Inc acquired a new position in SPX in the first quarter worth about $90,000. Squar Milner Financial Services LLC raised its position in SPX by 13.2% in the second quarter. Squar Milner Financial Services LLC now owns 5,086 shares of the company’s stock worth $168,000 after purchasing an additional 595 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in SPX by 7.1% in the second quarter. Raymond James Trust N.A. now owns 6,709 shares of the company’s stock worth $222,000 after purchasing an additional 442 shares in the last quarter. 87.25% of the stock is owned by institutional investors and hedge funds.

SPX stock traded up $1.00 during trading hours on Friday, hitting $39.07. 7,923 shares of the stock were exchanged, compared to its average volume of 300,014. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.84 and a current ratio of 1.17. The stock has a market capitalization of $1.72 billion, a P/E ratio of 17.91 and a beta of 1.39. SPX Corp has a 12 month low of $25.22 and a 12 month high of $41.78. The business’s 50-day moving average is $39.06 and its two-hundred day moving average is $35.27.



SPX (NYSE:SPXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.67 earnings per share 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 analysts’ expectations of $354.65 million. SPX had a net margin of 4.21% and a return on equity of 26.81%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. On average, equities analysts predict that SPX Corp will post 2.7 earnings per share for the current fiscal year.

SPXC has been the subject of several recent research reports. Zacks Investment Research lowered shares of SPX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Buckingham Research increased their price target on shares of SPX from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, September 20th.

SPX Company Profile

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.

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Institutional Ownership by Quarter for SPX (NYSE:SPXC)

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