Luxfer Holdings PLC (NYSE:LXFR) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 408,561 shares of the industrial products company's stock after selling 67,279 shares during the period. Envestnet Asset Management Inc. owned about 1.53% of Luxfer worth $5,348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LXFR. Hillsdale Investment Management Inc. grew its position in Luxfer by 2,131.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 312,400 shares of the industrial products company's stock valued at $4,089,000 after buying an additional 298,400 shares during the period. Royce & Associates LP grew its position in shares of Luxfer by 20.4% during the 4th quarter. Royce & Associates LP now owns 1,624,061 shares of the industrial products company's stock valued at $21,259,000 after acquiring an additional 275,669 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Luxfer by 441.5% in the 4th quarter. JPMorgan Chase & Co. now owns 150,150 shares of the industrial products company's stock valued at $1,965,000 after purchasing an additional 122,423 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Luxfer by 17.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 785,487 shares of the industrial products company's stock worth $10,282,000 after purchasing an additional 115,623 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in Luxfer by 23.3% during the fourth quarter. First Eagle Investment Management LLC now owns 425,656 shares of the industrial products company's stock worth $5,572,000 after purchasing an additional 80,500 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.

Wall Street Analysts Forecast Growth

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

Luxfer Price Performance

Shares of NYSE LXFR traded down $0.04 during trading on Friday, hitting $10.03. The company had a trading volume of 88,674 shares, compared to its average volume of 134,615. Luxfer Holdings PLC has a fifty-two week low of $9.41 and a fifty-two week high of $15.64. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $11.49 and a two-hundred day simple moving average of $12.97. The firm has a market capitalization of $274.96 million, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95.

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 analysts' consensus estimates of $0.22 by $0.03. Luxfer had a return on equity of 9.26% and a net margin of 2.37%. The business had revenue of $103.40 million during the quarter, compared to analysts' expectations of $89.50 million. On average, research analysts expect that Luxfer Holdings PLC will post 0.85 earnings per share for the current year.

Luxfer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Friday, April 18th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.52 annualized dividend and a yield of 5.18%. Luxfer's dividend payout ratio is presently 76.47%.

About Luxfer

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.