Acadian Asset Management LLC Sells 58,440 Shares of Luxfer Holdings PLC $LXFR

Key Points

• Acadian Asset Management LLC reduced its stake in Luxfer Holdings PLC by 42% in the first quarter, selling 58,440 shares and now owning approximately 0.30% of the company.
• Luxfer has declared a quarterly dividend of $0.13, yielding 3.5%, and maintaining a payout ratio of 57.78% as of its most recent financial disclosures.
• Analysts at Wall Street Zen downgraded Luxfer's shares from a "strong-buy" to a "buy" rating, indicating a shift in investor sentiment.

Acadian Asset Management LLC trimmed its holdings in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 42.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,538 shares of the industrial products company's stock after selling 58,440 shares during the period. Acadian Asset Management LLC owned approximately 0.30% of Luxfer worth $954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of LXFR. Northern Trust Corp grew its position in Luxfer by 0.4% in the fourth quarter. Northern Trust Corp now owns 220,406 shares of the industrial products company's stock worth $2,885,000 after acquiring an additional 808 shares in the last quarter. First Wilshire Securities Management Inc. lifted its stake in Luxfer by 0.6% in the first quarter. First Wilshire Securities Management Inc. now owns 354,736 shares of the industrial products company's stock worth $4,207,000 after purchasing an additional 1,963 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Luxfer during the first quarter valued at about $29,000. Squarepoint Ops LLC boosted its position in Luxfer by 9.6% during the fourth quarter. Squarepoint Ops LLC now owns 37,784 shares of the industrial products company's stock valued at $495,000 after buying an additional 3,321 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Luxfer during the first quarter valued at about $56,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Luxfer from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd.

Luxfer Trading Down 4.7%

Shares of NYSE:LXFR traded down $0.69 during midday trading on Friday, hitting $14.08. 286,366 shares of the stock traded hands, compared to its average volume of 127,404. The stock has a market capitalization of $376.78 million, a PE ratio of 15.64, a P/E/G ratio of 1.89 and a beta of 1.13. The business's 50 day moving average is $12.76 and its two-hundred day moving average is $11.89. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 0.10. Luxfer Holdings PLC has a one year low of $9.41 and a one year high of $15.64.

Luxfer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, July 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, July 18th. Luxfer's dividend payout ratio is presently 57.78%.

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.