Cubist Systematic Strategies LLC Purchases New Holdings in Luxfer Holdings PLC (NYSE:LXFR)

Cubist Systematic Strategies LLC purchased a new position in Luxfer Holdings PLC (NYSE:LXFR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 111,705 shares of the industrial products company's stock, valued at approximately $1,462,000. Cubist Systematic Strategies LLC owned about 0.42% of Luxfer at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Bank of America Corp DE grew its position in Luxfer by 48.3% during the fourth quarter. Bank of America Corp DE now owns 1,854,220 shares of the industrial products company's stock valued at $24,272,000 after acquiring an additional 603,954 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Luxfer by 34.4% during the 4th quarter. BNP Paribas Financial Markets now owns 34,447 shares of the industrial products company's stock worth $451,000 after purchasing an additional 8,808 shares during the period. Algert Global LLC increased its position in Luxfer by 38.3% during the 4th quarter. Algert Global LLC now owns 15,915 shares of the industrial products company's stock worth $208,000 after purchasing an additional 4,410 shares in the last quarter. Jane Street Group LLC raised its holdings in Luxfer by 70.1% in the fourth quarter. Jane Street Group LLC now owns 21,720 shares of the industrial products company's stock valued at $284,000 after buying an additional 8,949 shares during the period. Finally, Northern Trust Corp lifted its position in Luxfer by 0.4% during the fourth quarter. Northern Trust Corp now owns 220,406 shares of the industrial products company's stock valued at $2,885,000 after buying an additional 808 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Luxfer Stock Up 0.2%

Shares of LXFR traded up $0.03 during midday trading on Friday, reaching $12.03. 102,051 shares of the company were exchanged, compared to its average volume of 133,744. Luxfer Holdings PLC has a 1-year low of $9.41 and a 1-year high of $15.64. The stock has a 50-day moving average price of $11.04 and a 200-day moving average price of $12.83. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The company has a market cap of $327.66 million, a price-to-earnings ratio of 36.45, a P/E/G ratio of 1.85 and a beta of 1.09.

Luxfer (NYSE:LXFR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The industrial products company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. The business had revenue of $103.40 million for the quarter, compared to the consensus estimate of $89.50 million. Luxfer had a return on equity of 9.26% and a net margin of 2.37%. Research analysts expect that Luxfer Holdings PLC will post 0.85 earnings per share for the current year.

Luxfer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Friday, April 18th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.32%. The ex-dividend date was Thursday, April 17th. Luxfer's dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Luxfer from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 21st.

Luxfer Company Profile

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.