Earnest Partners LLC Acquires 45,172 Shares of Luxfer Holdings PLC $LXFR

Key Points

• Earnest Partners LLC increased its holdings in Luxfer Holdings PLC by 6.5% during Q1, now owning 738,724 shares valued at approximately $8.76 million.
• Luxfer's CFO and a Director sold shares recently, with the CFO reducing their stake by 13.73% following a transaction on June 9th.
• The company announced a quarterly dividend of $0.13, reflecting an annualized yield of 3.9% and a payout ratio of 57.78%.

Earnest Partners LLC lifted its holdings in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 6.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 738,724 shares of the industrial products company's stock after buying an additional 45,172 shares during the quarter. Earnest Partners LLC owned approximately 2.71% of Luxfer worth $8,761,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System bought a new stake in shares of Luxfer during the first quarter valued at about $29,000. Quantbot Technologies LP acquired a new position in shares of Luxfer in the first quarter worth $56,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Luxfer in the fourth quarter worth $137,000. Aquatic Capital Management LLC acquired a new stake in shares of Luxfer in the 4th quarter valued at $140,000. Finally, Corton Capital Inc. acquired a new position in Luxfer in the 4th quarter valued at $142,000. Institutional investors own 90.82% of the company's stock.

Insider Activity

In other news, Director Sylvia Ann Stein sold 4,108 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $10.02, for a total value of $41,162.16. Following the completion of the transaction, the director directly owned 9,901 shares in the company, valued at approximately $99,208.02. This represents a 29.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen Webster sold 4,244 shares of Luxfer stock in a transaction on Monday, June 9th. The stock was sold at an average price of $11.83, for a total transaction of $50,206.52. Following the transaction, the chief financial officer directly owned 26,662 shares of the company's stock, valued at $315,411.46. This represents a 13.73% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,151 shares of company stock worth $269,715. Corporate insiders own 1.17% of the company's stock.

Wall Street Analysts Forecast Growth

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

Luxfer Stock Down 2.1%

LXFR traded down $0.29 during trading hours on Monday, hitting $13.41. 159,203 shares of the company's stock were exchanged, compared to its average volume of 135,577. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 0.10. The stock's 50-day moving average is $12.34 and its two-hundred day moving average is $11.85. Luxfer Holdings PLC has a 1-year low of $9.41 and a 1-year high of $15.64. The stock has a market cap of $358.85 million, a price-to-earnings ratio of 14.90, a PEG ratio of 1.80 and a beta of 1.13.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Friday, July 18th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, July 18th. Luxfer's payout ratio is 57.78%.

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.