Arrowstreet Capital Limited Partnership Has $5.95 Million Holdings in Luxfer Holdings PLC $LXFR

Key Points

• Arrowstreet Capital increased its Luxfer stake by 17% in the first quarter, holding 488,252 shares worth approximately $5.95 million, or 1.81% of the company. Institutional investors collectively own 90.82% of LXFR.
• Luxfer reported quarterly EPS of $0.29, narrowly beating estimates, while revenue of $95.7 million exceeded the $90.3 million consensus forecast. The company declared a quarterly dividend of $0.13 per share, equivalent to a 3.1% annual yield.
• Shares opened at $17.04, with a 52-week range of $11.19 to $19.45. Analyst sentiment remains mixed but leans positive, with the stock carrying a “Moderate Buy” consensus rating.

Arrowstreet Capital Limited Partnership grew its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 17.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 488,252 shares of the industrial products company's stock after acquiring an additional 70,989 shares during the period. Arrowstreet Capital Limited Partnership owned 1.81% of Luxfer worth $5,947,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LXFR. Royce & Associates LP lifted its stake in Luxfer by 1.5% in the fourth quarter. Royce & Associates LP now owns 1,802,435 shares of the industrial products company's stock valued at $24,387,000 after buying an additional 26,046 shares during the period. Artisan Partners Limited Partnership grew its position in shares of Luxfer by 2.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,700,550 shares of the industrial products company's stock worth $23,008,000 after buying an additional 38,108 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Luxfer by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 976,873 shares of the industrial products company's stock worth $11,898,000 after buying an additional 58,197 shares during the period. Earnest Partners LLC increased its stake in shares of Luxfer by 24.9% in the 4th quarter. Earnest Partners LLC now owns 837,433 shares of the industrial products company's stock valued at $11,330,000 after acquiring an additional 167,023 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of Luxfer by 3.4% in the 4th quarter. First Eagle Investment Management LLC now owns 453,056 shares of the industrial products company's stock valued at $6,130,000 after acquiring an additional 15,000 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Luxfer news, Director Lisa G. Trimberger sold 4,010 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $15.05, for a total value of $60,350.50. Following the completion of the sale, the director owned 20,801 shares in the company, valued at approximately $313,055.05. This trade represents a 16.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard J. Hipple sold 4,010 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total value of $60,350.50. Following the sale, the director directly owned 32,920 shares of the company's stock, valued at $495,446. The trade was a 10.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 21,368 shares of company stock worth $321,588 in the last ninety days. 2.00% of the stock is owned by corporate insiders.

Luxfer Stock Performance

LXFR opened at $17.04 on Monday. The company has a current ratio of 2.33, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26. The company's fifty day moving average price is $17.46 and its two-hundred day moving average price is $15.19. Luxfer Holdings PLC has a 1-year low of $11.19 and a 1-year high of $19.45. The company has a market cap of $455.99 million, a price-to-earnings ratio of 56.80, a PEG ratio of 2.21 and a beta of 1.13.

Luxfer (NYSE:LXFR - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Luxfer had a return on equity of 12.22% and a net margin of 2.20%.The business had revenue of $95.70 million during the quarter, compared to the consensus estimate of $90.30 million. On average, analysts expect that Luxfer Holdings PLC will post 1.1 EPS for the current fiscal year.

Luxfer Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Friday, July 17th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, July 17th. This represents a $0.52 annualized dividend and a yield of 3.1%. Luxfer's payout ratio is 173.33%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LXFR. Wall Street Zen downgraded shares of Luxfer from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 31st. Freedom Capital upgraded shares of Luxfer to a "strong-buy" rating in a report on Thursday, May 21st. Zacks Research downgraded shares of Luxfer from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Luxfer in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Luxfer has an average rating of "Moderate Buy".

Luxfer Company 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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