The Texas Permanent School Fund holds $1.59 million worth of shares in SPX Co. (NYSE:SPXC)


Texas Permanent School Fund reduced its holdings in SPX Co. (NYSE: SPXCGet a rating) by 2.1% in Q1, according to its most recent 13F filing with the SEC. The company held 32,196 shares of the company after selling 689 shares during the quarter. The Texas Permanent School Fund held approximately 0.07% of SPX worth $1,591,000 when it last filed with the SEC.

Several other institutional investors and hedge funds also changed their stakes in the company. IndexIQ Advisors LLC increased its position in SPX by 11.3% in Q1. IndexIQ Advisors LLC now owns 8,069 shares of the company worth $399,000 after acquiring 822 additional shares in the last quarter. Royce & Associates LP acquired a new position in SPX during Q1 worth approximately $566,000. MCF Advisors LLC acquired a new position in SPX during Q1 worth approximately $79,000. New York State Common Retirement Fund increased its position in SPX by 1.6% in the 1st quarter. The New York State Common Retirement Fund now owns 346,082 shares of the company worth $17,100,000 after acquiring 5,468 additional shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in SPX by 81.5% during the 1st quarter. Russell Investments Group Ltd. now owns 92,939 shares of the company worth $4,590,000 after acquiring 41,737 additional shares in the last quarter. 91.47% of the shares are currently held by institutional investors and hedge funds.

Insider activity

In other news, Insider Jean-Guillaume Swann III sold 9,365 SPX shares in a trade dated Wednesday, July 20. The shares were sold at an average price of $55.00, for a total value of $515,075.00. Following the completion of the transaction, the insider now owns 83,472 shares of the company, valued at approximately $4,590,960. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. Insiders hold 3.70% of the shares of the company.

Changes to analyst ratings

A number of stock analysts have weighed in on SPXC shares. StockNews.com upgraded SPX from a “hold” rating to a “buy” rating in a Monday, August 8 research report. TheStreet downgraded SPX shares from a “c” rating to a “b-” rating in a Tuesday, July 19 research note.

SPX Stock Performance

Shares of SPXC opened at $62.15 on Friday. The company has a 50-day moving average of $54.70 and a 200-day moving average of $50.70. SPX Co. has a 1-year low of $41.66 and a 1-year high of $68.24. The company has a market capitalization of $2.81 billion, a PE ratio of 8.00, a price-to-earnings growth ratio of 1.19 and a beta of 1.24. The company has a debt ratio of 0.21, a current ratio of 2.11 and a quick ratio of 1.47.

SPX profile

(Get a rating)

SPX Corporation provides infrastructure equipment for heating, ventilation, and cooling (HVAC); and sensing and measurement markets in the US, China, UK and internationally. The Company operates in two segments, HVAC and Sensing & Measurement. The HVAC segment designs, engineers, manufactures, installs and services cooling products and engineered air quality solutions for the HVAC and industrial markets; and heating and ventilation products for the residential and commercial markets.

See also

Want to see which other hedge funds hold SPXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPX Co. (NYSE: SPXCGet a rating).

Institutional ownership by quarter for SPX (NYSE:SPXC)



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