BNP Paribas Arbitrage SA raised its stake in shares of SPX Corp (NYSE:SPXC) by 634.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 9,977 shares of the company’s stock after acquiring an additional 8,619 shares during the period. BNP Paribas Arbitrage SA’s holdings in SPX were worth $347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Executive Wealth Management LLC purchased a new stake in SPX during the 4th quarter valued at approximately $33,000. Nisa Investment Advisors LLC grew its holdings in SPX by 66.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,500 shares of the company’s stock valued at $87,000 after buying an additional 1,000 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in SPX by 9.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the company’s stock valued at $127,000 after buying an additional 373 shares in the last quarter. LS Investment Advisors LLC grew its holdings in SPX by 284.3% during the 4th quarter. LS Investment Advisors LLC now owns 4,969 shares of the company’s stock valued at $139,000 after buying an additional 3,676 shares in the last quarter. Finally, Evanson Asset Management LLC purchased a new stake in SPX during the 1st quarter valued at approximately $204,000. 87.27% of the stock is owned by institutional investors and hedge funds.

NYSE SPXC opened at $30.63 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.12 and a debt-to-equity ratio of 0.80. The company has a market cap of $1.34 billion, a PE ratio of 13.92 and a beta of 1.35. SPX Corp has a one year low of $25.22 and a one year high of $39.28.

SPX (NYSE:SPXC) last posted its earnings results on Thursday, May 2nd. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $351.50 million during the quarter, compared to the consensus estimate of $344.50 million. SPX had a return on equity of 26.49% and a net margin of 4.44%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. On average, sell-side analysts expect that SPX Corp will post 2.6 EPS for the current year.

Separately, Zacks Investment Research raised shares of SPX from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Wednesday, March 6th.

In other news, CAO Michael Andrew Reilly sold 45,899 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John William Swann III sold 10,435 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $36.89, for a total value of $384,947.15. The disclosure for this sale can be found here. 4.21% of the stock is currently owned by corporate insiders.

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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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