Oregon Public Employees Retirement Fund Has $575,000 Stock Position in SPX Corp (NYSE:SPXC)

Oregon Public Employees Retirement Fund raised its holdings in SPX Corp (NYSE:SPXC) by 3.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,406 shares of the company’s stock after buying an additional 600 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in SPX were worth $575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in shares of SPX by 0.4% during the 1st quarter. Arizona State Retirement System now owns 67,102 shares of the company’s stock worth $2,334,000 after purchasing an additional 279 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of SPX by 7.1% during the 2nd quarter. Raymond James Trust N.A. now owns 6,709 shares of the company’s stock worth $222,000 after purchasing an additional 442 shares in the last quarter. Mason Street Advisors LLC grew its holdings in shares of SPX by 3.7% during the 1st quarter. Mason Street Advisors LLC now owns 13,970 shares of the company’s stock worth $486,000 after purchasing an additional 495 shares in the last quarter. Piedmont Investment Advisors Inc. grew its holdings in shares of SPX by 6.0% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 10,940 shares of the company’s stock worth $381,000 after purchasing an additional 621 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of SPX by 1.8% during the 1st quarter. Comerica Bank now owns 42,958 shares of the company’s stock worth $1,528,000 after purchasing an additional 773 shares in the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised SPX from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Friday.

Shares of NYSE:SPXC opened at $37.20 on Friday. SPX Corp has a 1-year low of $25.22 and a 1-year high of $38.22. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 15.10 and a beta of 1.45. The stock’s 50 day moving average price is $34.14. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.17 and a quick ratio of 0.84.

SPX (NYSE:SPXC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.15. SPX had a return on equity of 26.81% and a net margin of 4.21%. The company had revenue of $372.40 million for the quarter, compared to analyst estimates of $354.65 million. During the same quarter last year, the firm earned $0.53 EPS. SPX’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that SPX Corp will post 2.7 EPS for the current fiscal year.

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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