SPX Corp (SPXC) Stake Lowered by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its holdings in SPX Corp (NYSE:SPXC) by 12.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 952,085 shares of the company’s stock after selling 139,971 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in SPX were worth $30,924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SPXC. Elkfork Partners LLC purchased a new position in SPX in the 4th quarter valued at approximately $159,000. Quantitative Systematic Strategies LLC purchased a new position in SPX during the first quarter worth $214,000. Globeflex Capital L P purchased a new position in SPX during the fourth quarter worth $222,000. Xact Kapitalforvaltning AB purchased a new position in SPX during the fourth quarter worth $239,000. Finally, LPL Financial LLC purchased a new position in SPX during the first quarter worth $264,000. 86.84% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the company. ValuEngine raised SPX from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Zacks Investment Research raised SPX from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, May 9th. TheStreet raised SPX from a “c” rating to a “b-” rating in a research report on Thursday, February 15th. Finally, Susquehanna Bancshares set a $32.00 price target on SPX and gave the stock a “hold” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $36.33.

SPX stock traded up $0.22 during mid-day trading on Thursday, hitting $37.78. 600 shares of the company were exchanged, compared to its average volume of 242,171. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 21.10 and a beta of 1.57. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.14 and a current ratio of 1.40. SPX Corp has a 12-month low of $23.41 and a 12-month high of $37.94.

SPX (NYSE:SPXC) last announced its quarterly earnings data on Thursday, May 3rd. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. The business had revenue of $351.90 million during the quarter, compared to the consensus estimate of $332.60 million. SPX had a return on equity of 29.40% and a net margin of 5.87%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. analysts forecast that SPX Corp will post 2.25 EPS for the current fiscal year.

About SPX

SPX Corporation supplies infrastructure equipment serving the heating and ventilation (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 through 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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