Jane Street Group LLC Has $1.61 Million Position in Crane NXT, Co. (NYSE:CXT)

Jane Street Group LLC cut its holdings in Crane NXT, Co. (NYSE:CXT - Free Report) by 58.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,573 shares of the company's stock after selling 39,519 shares during the quarter. Jane Street Group LLC's holdings in Crane NXT were worth $1,605,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in Crane NXT by 98.6% during the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company's stock valued at $32,000 after purchasing an additional 276 shares during the last quarter. Quarry LP acquired a new position in Crane NXT during the 4th quarter worth $42,000. Covestor Ltd lifted its position in Crane NXT by 38.6% during the 4th quarter. Covestor Ltd now owns 739 shares of the company's stock worth $43,000 after acquiring an additional 206 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Crane NXT by 985.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company's stock valued at $95,000 after acquiring an additional 1,488 shares during the period. Finally, Cascade Financial Partners LLC acquired a new stake in shares of Crane NXT in the fourth quarter valued at about $202,000. 77.49% of the stock is owned by institutional investors.

Crane NXT Price Performance

NYSE:CXT opened at $55.33 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51. The firm has a market cap of $3.17 billion, a PE ratio of 17.34 and a beta of 1.27. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.01. The company's 50-day moving average price is $49.30 and its two-hundred day moving average price is $55.95.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The firm had revenue of $330.30 million during the quarter, compared to analysts' expectations of $318.46 million. During the same quarter last year, the company posted $0.85 EPS. The company's quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Friday, May 30th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.23%. Crane NXT's payout ratio is 23.37%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CXT shares. Northland Capmk lowered Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. UBS Group lowered their price objective on shares of Crane NXT from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. DA Davidson cut their target price on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Northland Securities downgraded shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price target for the company. in a report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Crane NXT presently has a consensus rating of "Moderate Buy" and an average target price of $73.75.

About Crane NXT

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers' important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.

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