Earnest Partners LLC Increases Stock Position in 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 position in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 738,724 shares of the industrial products company's stock after buying an additional 45,172 shares during the period. Earnest Partners LLC owned about 2.71% of Luxfer worth $8,761,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LXFR. Bank of America Corp DE increased its position in shares of Luxfer by 48.3% in the 4th quarter. Bank of America Corp DE now owns 1,854,220 shares of the industrial products company's stock valued at $24,272,000 after buying an additional 603,954 shares in the last quarter. Millennium Management LLC bought a new position in Luxfer during the 4th quarter worth about $3,308,000. Nuveen LLC bought a new position in Luxfer during the 1st quarter worth about $2,821,000. Royce & Associates LP grew its holdings in shares of Luxfer by 8.4% in the 1st quarter. Royce & Associates LP now owns 1,759,749 shares of the industrial products company's stock valued at $20,871,000 after acquiring an additional 135,688 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Luxfer in the 4th quarter valued at about $1,462,000. Institutional investors own 90.82% of the company's stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

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

Luxfer Price Performance

Shares of NYSE LXFR traded down $0.20 during midday trading on Tuesday, reaching $13.23. The company's stock had a trading volume of 33,427 shares, compared to its average volume of 129,276. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.83 and a current ratio of 1.65. Luxfer Holdings PLC has a fifty-two week low of $9.41 and a fifty-two week high of $15.64. The business's 50 day moving average price is $12.38 and its two-hundred day moving average price is $11.85. The company has a market cap of $353.90 million, a P/E ratio of 14.69, a P/E/G ratio of 1.80 and a beta of 1.13.

Luxfer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, July 18th were issued a $0.13 dividend. The ex-dividend date was Friday, July 18th. This represents a $0.52 annualized dividend and a yield of 3.9%. Luxfer's payout ratio is presently 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.