Squarepoint Ops LLC Has $1.70 Million Position in Crane NXT, Co. $CXT

Key Points

• Squarepoint Ops LLC cut its Crane NXT stake by 41.4% in the second quarter, selling 23,446 shares and retaining 33,181 shares worth approximately $1.70 million. Institutional investors collectively own 77.49% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $68.20; DA Davidson issued the highest target at $85.
• Crane NXT beat quarterly earnings and revenue estimates, reporting $1.10 in EPS and $493.2 million in revenue, while revenue increased 22.1% year over year. The company also pays a quarterly dividend of $0.18, or $0.72 annually, yielding about 1.5%.

Squarepoint Ops LLC lessened its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 41.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,181 shares of the company's stock after selling 23,446 shares during the quarter. Squarepoint Ops LLC owned 0.06% of Crane NXT worth $1,698,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Transamerica Financial Advisors LLC acquired a new stake in shares of Crane NXT in the 2nd quarter worth about $26,000. Caitong International Asset Management Co. Ltd boosted its stake in Crane NXT by 4,458.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company's stock valued at $26,000 after purchasing an additional 535 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Crane NXT by 47.9% during the 4th quarter. Hantz Financial Services Inc. now owns 2,162 shares of the company's stock worth $102,000 after purchasing an additional 700 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Crane NXT during the 2nd quarter worth approximately $37,000. Finally, State of Wyoming raised its stake in shares of Crane NXT by 21.4% in the first quarter. State of Wyoming now owns 4,477 shares of the company's stock worth $182,000 after purchasing an additional 790 shares during the last quarter. 77.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CXT. Weiss Ratings raised Crane NXT from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Robert W. Baird set a $68.00 price target on Crane NXT in a research report on Friday, August 7th. Northland Securities set a $65.00 price objective on shares of Crane NXT in a report on Monday, August 10th. Finally, DA Davidson reaffirmed a "buy" rating and set a $85.00 price objective on shares of Crane NXT in a report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $68.20.

Crane NXT Stock Performance

CXT stock opened at $47.52 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 1.00. The firm has a market cap of $2.74 billion, a PE ratio of 19.64 and a beta of 1.08. The business has a 50 day moving average of $51.03 and a 200-day moving average of $46.15. Crane NXT, Co. has a 12-month low of $35.71 and a 12-month high of $69.00.

Crane NXT (NYSE:CXT - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.06. The company had revenue of $493.20 million for the quarter, compared to analysts' expectations of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The business's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, sell-side analysts expect that Crane NXT, Co. will post 4.27 earnings per share for the current year.

Crane NXT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. Crane NXT's payout ratio is 29.75%.

About Crane NXT

Crane NXT, Inc is a technology company that develops solutions for payment acceptance, cash management and brand protection. Its products are used by businesses and governments to authenticate currency, process transactions and protect products and documents from counterfeiting.

Through its Crane Payment Innovations business, the company provides banknote and coin validators, cashless payment systems, transaction-processing technology, telemetry and related software. These solutions serve industries such as vending, gaming, retail, transportation and other unattended-payment markets.

Crane NXT also operates Crane Currency, which supplies banknotes, security features and authentication technologies for central banks, commercial institutions and other organizations.

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