Envestnet Asset Management Inc. Purchases 31,123 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Envestnet Asset Management Inc. grew its stake in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 7.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 439,684 shares of the industrial products company's stock after buying an additional 31,123 shares during the period. Envestnet Asset Management Inc. owned approximately 1.60% of Luxfer worth $5,215,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in LXFR. Bank of America Corp DE raised its position in shares of Luxfer by 48.3% during the fourth 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 during the last quarter. Millennium Management LLC bought a new stake in Luxfer in the fourth quarter valued at about $3,308,000. JPMorgan Chase & Co. increased its stake in Luxfer by 441.5% in the fourth quarter. JPMorgan Chase & Co. now owns 150,150 shares of the industrial products company's stock valued at $1,965,000 after acquiring an additional 122,423 shares during the period. Artisan Partners Limited Partnership increased its stake in Luxfer by 17.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 785,487 shares of the industrial products company's stock valued at $10,282,000 after acquiring an additional 115,623 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Luxfer in the fourth quarter valued at about $1,462,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Luxfer Price Performance

NYSE LXFR traded up $0.09 on Friday, reaching $12.03. The company's stock had a trading volume of 52,302 shares, compared to its average volume of 117,854. The firm has a market cap of $327.59 million, a PE ratio of 15.42, a price-to-earnings-growth ratio of 1.66 and a beta of 1.10. The business has a 50-day moving average price of $11.89 and a 200 day moving average price of $12.10. Luxfer Holdings PLC has a 52 week low of $9.41 and a 52 week high of $15.64. The company has a current ratio of 2.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

Luxfer Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Friday, July 18th will be paid a $0.13 dividend. The ex-dividend date is Friday, July 18th. This represents a $0.52 dividend on an annualized basis and a yield of 4.32%. Luxfer's payout ratio is currently 66.67%.

Insiders Place Their Bets

In other news, Director Lisa G. Trimberger sold 4,108 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.02, for a total transaction of $41,162.16. Following the completion of the sale, the director owned 15,858 shares of the company's stock, valued at approximately $158,897.16. This trade represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Clive Snowdon sold 4,120 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $10.02, for a total transaction of $41,282.40. Following the sale, the director directly owned 21,903 shares of the company's stock, valued at approximately $219,468.06. The trade was a 15.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,987 shares of company stock valued at $418,168 over the last 90 days. Company insiders own 1.24% of the company's stock.

Luxfer 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.