Kennedy Capital Management Inc. grew its holdings in shares of SPX Corp (NASDAQ:SPXC) by 221.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,382 shares of the company’s stock after purchasing an additional 134,563 shares during the quarter. Kennedy Capital Management Inc. owned about 0.46% of SPX Corp worth $4,916,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC bought a new position in SPX Corp during the first quarter worth about $113,000. Quantbot Technologies LP bought a new position in SPX Corp during the first quarter worth about $148,000. AXA bought a new position in SPX Corp during the first quarter worth about $201,000. State of Alaska Department of Revenue boosted its position in SPX Corp by 79.5% during the second quarter. State of Alaska Department of Revenue now owns 8,364 shares of the company’s stock worth $210,000 after purchasing an additional 3,704 shares during the period. Finally, Mason Street Advisors LLC boosted its position in SPX Corp by 7.9% during the first quarter. Mason Street Advisors LLC now owns 9,874 shares of the company’s stock worth $239,000 after purchasing an additional 721 shares during the period.

A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of SPX Corp from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of SPX Corp from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, August 8th.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/09/16/kennedy-capital-management-inc-raises-holdings-in-spx-corp-spxc.html.

SPX Corp (SPXC) opened at 26.32 on Friday. The company’s market cap is $1.12 billion. SPX Corp has a 12 month low of $15.49 and a 12 month high of $29.25. The firm’s 50-day moving average is $25.53 and its 200-day moving average is $25.30.

SPX Corp (NASDAQ:SPXC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $349.70 million during the quarter, compared to analyst estimates of $354.84 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, analysts anticipate that SPX Corp will post $1.75 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for SPX Corp (NASDAQ:SPXC)

Receive News & Ratings for SPX Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Corp and related companies with MarketBeat.com's FREE daily email newsletter.