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

Other institutional investors and hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System bought a new position in Luxfer during the first quarter valued at approximately $29,000. Price T Rowe Associates Inc. MD bought a new position in Luxfer during the fourth quarter valued at approximately $137,000. Aquatic Capital Management LLC bought a new position in shares of Luxfer in the fourth quarter worth approximately $140,000. Corton Capital Inc. bought a new position in shares of Luxfer in the fourth quarter worth approximately $142,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Luxfer in the fourth quarter worth approximately $188,000. 90.82% of the stock is currently owned by institutional investors.

Luxfer Trading Up 0.4%

NYSE:LXFR traded up $0.05 during trading hours on Wednesday, hitting $13.26. The company had a trading volume of 109,383 shares, compared to its average volume of 127,006. The company has a market capitalization of $354.81 million, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. The stock has a 50-day moving average price of $12.44 and a 200 day moving average price of $11.87. Luxfer Holdings PLC has a 52 week low of $9.41 and a 52 week high of $15.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.65 and a quick ratio of 0.83.

Luxfer Announces Dividend

The business also recently declared 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 57.78%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, CFO Stephen Webster sold 4,244 shares of Luxfer 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 sale, 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 legal filing with the SEC, which is available at this link. Also, Director Patrick K. Mullen sold 5,463 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $10.02, for a total value of $54,739.26. Following the transaction, the director directly owned 35,617 shares of the company's stock, valued at $356,882.34. This represents a 13.30% 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 quarter. 1.17% of the stock is owned by company insiders.

About Luxfer

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.