Russell Investments Group Ltd. Sells 43,983 Shares of Luxfer Holdings PLC $LXFR

Key Points

• Russell Investments Group Ltd. reduced its stake in Luxfer Holdings PLC by 31.6%, now holding approximately 0.35% of the company, valued at $1.13 million.
• Wall Street analysts have downgraded Luxfer from a "strong-buy" to a "buy" rating, signaling a shift in investor sentiment.
• The company recently paid a quarterly dividend of $0.13 per share, resulting in an annualized yield of 3.8%.

Russell Investments Group Ltd. cut its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 31.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 95,339 shares of the industrial products company's stock after selling 43,983 shares during the period. Russell Investments Group Ltd. owned approximately 0.35% of Luxfer worth $1,131,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in 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 worth $24,272,000 after buying an additional 603,954 shares during the last quarter. Royce & Associates LP raised its position in Luxfer by 8.4% in the first quarter. Royce & Associates LP now owns 1,759,749 shares of the industrial products company's stock valued at $20,871,000 after purchasing an additional 135,688 shares during the period. Vanguard Group Inc. grew its stake in shares of Luxfer by 1.5% in the first quarter. Vanguard Group Inc. now owns 1,510,311 shares of the industrial products company's stock worth $17,912,000 after acquiring an additional 21,797 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Luxfer by 14.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 670,564 shares of the industrial products company's stock worth $8,778,000 after purchasing an additional 84,097 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Luxfer by 7.6% during the first quarter. Envestnet Asset Management Inc. now owns 439,684 shares of the industrial products company's stock worth $5,215,000 after purchasing an additional 31,123 shares in the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Luxfer Stock Performance

Shares of LXFR stock traded down $0.17 during trading on Tuesday, reaching $13.25. The company had a trading volume of 47,684 shares, compared to its average volume of 129,338. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.65 and a quick ratio of 0.83. The company has a market capitalization of $354.57 million, a PE ratio of 14.72, a PEG ratio of 1.80 and a beta of 1.13. Luxfer Holdings PLC has a one year low of $9.41 and a one year high of $15.64. The firm's 50 day simple moving average is $12.38 and its two-hundred day simple moving average is $11.85.

Luxfer Dividend Announcement

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

Insider Buying and Selling at Luxfer

In related news, Director Sylvia Ann Stein sold 4,108 shares of the company's stock in a transaction that occurred 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 transaction, the director owned 9,901 shares in the company, valued at approximately $99,208.02. This represents a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen Webster sold 4,244 shares of the company's 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 completion of the transaction, the chief financial officer directly owned 26,662 shares in the company, valued at approximately $315,411.46. The trade was a 13.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,151 shares of company stock valued at $269,715 over the last ninety days. 1.17% of the stock is owned by corporate insiders.

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.