Jane Street Group LLC Has $3.76 Million Stock Position in Crane NXT, Co. (NYSE:CXT)

Jane Street Group LLC boosted its position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 437.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,092 shares of the company's stock after acquiring an additional 54,606 shares during the period. Jane Street Group LLC owned approximately 0.12% of Crane NXT worth $3,764,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CXT. LRI Investments LLC lifted its holdings in shares of Crane NXT by 1,875.0% during the 2nd quarter. LRI Investments LLC now owns 632 shares of the company's stock worth $39,000 after acquiring an additional 600 shares during the period. nVerses Capital LLC bought a new position in Crane NXT during the third quarter worth about $45,000. Blue Trust Inc. boosted its holdings in Crane NXT by 27.8% during the second quarter. Blue Trust Inc. now owns 942 shares of the company's stock valued at $58,000 after purchasing an additional 205 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Crane NXT by 16.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company's stock valued at $116,000 after purchasing an additional 265 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Crane NXT by 17.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,567 shares of the company's stock worth $144,000 after buying an additional 380 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company's stock.

Crane NXT Price Performance

CXT stock traded down $0.11 during midday trading on Thursday, reaching $56.96. 560,326 shares of the company's stock traded hands, compared to its average volume of 348,267. The company has a 50-day simple moving average of $57.92 and a two-hundred day simple moving average of $58.34. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. Crane NXT, Co. has a 1-year low of $52.89 and a 1-year high of $64.80. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 18.68 and a beta of 1.34.

Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The business had revenue of $403.50 million during the quarter, compared to analysts' expectations of $392.44 million. During the same period in the previous year, the business posted $1.09 earnings per share. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, analysts anticipate that Crane NXT, Co. will post 4.26 earnings per share for the current year.

Crane NXT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.12%. Crane NXT's dividend payout ratio (DPR) is currently 20.98%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CXT. Northland Securities decreased their price target on Crane NXT from $96.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, October 7th. DA Davidson restated a "buy" rating and issued a $100.00 target price on shares of Crane NXT in a research note on Monday, September 30th. Baird R W raised shares of Crane NXT to a "strong-buy" rating in a report on Thursday, October 17th. Finally, Robert W. Baird lifted their price target on shares of Crane NXT from $77.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, November 8th.

Crane NXT Company Profile

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.