SPX Corp (SPXC) Shares Sold by BlackRock Inc.
BlackRock Inc. trimmed its position in shares of SPX Corp (NASDAQ:SPXC) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,313,520 shares of the company’s stock after selling 197,203 shares during the quarter. BlackRock Inc. owned approximately 12.53% of SPX Corp worth $133,688,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Riverhead Capital Management LLC lifted its position in shares of SPX Corp by 43.6% during the second quarter. Riverhead Capital Management LLC now owns 4,164 shares of the company’s stock worth $105,000 after purchasing an additional 1,264 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of SPX Corp during the first quarter worth approximately $113,000. Capital Fund Management S.A. acquired a new position in shares of SPX Corp during the second quarter worth approximately $201,000. AXA acquired a new position in shares of SPX Corp during the first quarter worth approximately $201,000. Finally, State of Alaska Department of Revenue lifted its position in shares of 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 in the last quarter.
A number of brokerages have recently issued reports on SPXC. Zacks Investment Research lowered shares of SPX Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub upgraded shares of SPX Corp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th.
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SPX Corp (SPXC) opened at 29.23 on Monday. The stock’s 50 day moving average is $25.53 and its 200-day moving average is $25.30. The firm’s market capitalization is $1.24 billion. SPX Corp has a 12 month low of $15.49 and a 12 month high of $30.37.
SPX Corp (NASDAQ:SPXC) last posted its earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $354.84 million. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. Equities analysts anticipate that SPX Corp will post $1.75 earnings per share for the current fiscal year.
SPX Corp Profile
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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