Peregrine Capital Management LLC raised its holdings in SPX Corp (NYSE:SPXC) by 15.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 869,119 shares of the company’s stock after acquiring an additional 116,436 shares during the quarter. Peregrine Capital Management LLC owned approximately 1.98% of SPX worth $28,698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in SPXC. Dimensional Fund Advisors LP lifted its holdings in shares of SPX by 7.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,101,174 shares of the company’s stock worth $30,843,000 after buying an additional 80,267 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of SPX by 8.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 929,557 shares of the company’s stock worth $32,339,000 after buying an additional 75,513 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of SPX by 14.6% in the 4th quarter. Bank of New York Mellon Corp now owns 565,568 shares of the company’s stock worth $15,842,000 after buying an additional 72,157 shares during the period. Northern Trust Corp lifted its holdings in shares of SPX by 0.8% in the 4th quarter. Northern Trust Corp now owns 543,218 shares of the company’s stock worth $15,215,000 after buying an additional 4,086 shares during the period. Finally, Overbrook Management Corp lifted its holdings in shares of SPX by 18.6% in the 1st quarter. Overbrook Management Corp now owns 521,538 shares of the company’s stock worth $18,144,000 after buying an additional 81,747 shares during the period. 87.29% of the stock is currently owned by institutional investors.

Shares of SPXC stock opened at $34.24 on Tuesday. SPX Corp has a twelve month low of $25.22 and a twelve month high of $39.28. The stock has a market cap of $1.50 billion, a PE ratio of 15.56 and a beta of 1.47. The stock has a fifty day moving average price of $33.21. The company has a quick ratio of 0.81, a current ratio of 1.12 and a debt-to-equity ratio of 0.80.

SPX (NYSE:SPXC) last issued its earnings results on Thursday, May 2nd. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The business had revenue of $351.50 million during the quarter, compared to analysts’ expectations of $344.50 million. SPX had a return on equity of 26.49% and a net margin of 4.44%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 EPS. Analysts forecast that SPX Corp will post 2.6 EPS for the current fiscal year.

Separately, Zacks Investment Research cut Eisai from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 24th.

In related news, CAO Michael Andrew Reilly sold 45,899 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $32.71, for a total transaction of $1,501,356.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.21% of the company’s stock.

SPX 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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