American Century Companies Inc. Grows Stake in Luxfer Holdings PLC $LXFR

Key Points

• American Century Companies Inc. increased its stake in Luxfer by 12.8% in Q3 to 1,589,528 shares, roughly a 5.95% ownership position valued at about $22.09 million.
• Institutional ownership is very high at 90.82%, with other funds (Artisan, Geode, AQR) also adding shares; Luxfer trades at a $322.48M market cap and a 12‑month price range of $9.41–$16.02.
• Luxfer recently paid a $0.13 quarterly dividend (annualized $0.52) for a 4.3% yield

American Century Companies Inc. boosted its stake in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 12.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,589,528 shares of the industrial products company's stock after buying an additional 180,199 shares during the quarter. American Century Companies Inc. owned approximately 5.95% of Luxfer worth $22,094,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LXFR. Artisan Partners Limited Partnership lifted its position in shares of Luxfer by 18.5% in the third quarter. Artisan Partners Limited Partnership now owns 1,662,442 shares of the industrial products company's stock valued at $23,108,000 after acquiring an additional 258,957 shares in the last quarter. Geode Capital Management LLC raised its stake in Luxfer by 4.9% in the 2nd quarter. Geode Capital Management LLC now owns 732,106 shares of the industrial products company's stock valued at $8,919,000 after purchasing an additional 33,903 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Luxfer by 5.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 463,869 shares of the industrial products company's stock valued at $5,650,000 after purchasing an additional 24,185 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in Luxfer by 0.6% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 458,663 shares of the industrial products company's stock valued at $6,375,000 after purchasing an additional 2,678 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Luxfer by 25.7% in the 2nd quarter. AQR Capital Management LLC now owns 323,554 shares of the industrial products company's stock valued at $3,941,000 after purchasing an additional 66,183 shares in the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Luxfer Trading Up 1.0%

Shares of LXFR opened at $12.11 on Tuesday. Luxfer Holdings PLC has a 12-month low of $9.41 and a 12-month high of $16.02. The firm has a market capitalization of $322.48 million, a P/E ratio of 41.74, a P/E/G ratio of 1.71 and a beta of 1.01. The firm has a 50-day moving average price of $14.57 and a 200 day moving average price of $13.69. The company has a current ratio of 1.67, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06.

Luxfer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Friday, January 23rd were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, January 23rd. Luxfer's payout ratio is presently 179.31%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LXFR. Wall Street Zen lowered shares of Luxfer from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Zacks Research lowered shares of Luxfer from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce".

Luxfer Profile

Luxfer Gas Cylinders, trading as Luxfer NYSE: LXFR, is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.

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