Amalgamated Bank Buys New Shares in Crane NXT, Co. (NYSE:CXT)

Amalgamated Bank acquired a new position in Crane NXT, Co. (NYSE:CXTFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 37,265 shares of the company’s stock, valued at approximately $2,071,000. Amalgamated Bank owned about 0.07% of Crane NXT at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Crane NXT in the 3rd quarter worth about $610,000. Avantax Advisory Services Inc. acquired a new stake in Crane NXT in the 3rd quarter worth about $215,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Crane NXT during the 3rd quarter worth approximately $467,000. Keybank National Association OH acquired a new position in shares of Crane NXT during the 3rd quarter worth approximately $308,000. Finally, Cruiser Capital Advisors LLC acquired a new position in shares of Crane NXT during the 3rd quarter worth approximately $622,000. 75.11% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Price Performance

CXT stock opened at $60.11 on Tuesday. The business has a 50 day moving average price of $56.33 and a 200 day moving average price of $55.74. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 14.04 and a beta of 1.38. Crane NXT, Co. has a fifty-two week low of $36.37 and a fifty-two week high of $63.36. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.81.

Insiders Place Their Bets

In related news, SVP Kurt F. Gallo sold 11,920 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $52.09, for a total transaction of $620,912.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Crane NXT news, Director Max H. Mitchell sold 21,502 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $51.42, for a total transaction of $1,105,632.84. Following the completion of the sale, the director now directly owns 322,628 shares in the company, valued at $16,589,531.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kurt F. Gallo sold 11,920 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $52.09, for a total value of $620,912.80. The disclosure for this sale can be found here. Insiders have sold a total of 33,428 shares of company stock valued at $1,726,858 over the last quarter. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson boosted their target price on Crane NXT from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th.

View Our Latest Stock Report on Crane NXT

Crane NXT Profile

(Free Report)

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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Institutional Ownership by Quarter for Crane NXT (NYSE:CXT)

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